Replies to post #69563 on Avid Bioservices Inc (CDMO)

[jonnyrocket]

I think someone will believe you when you are right at least ONCE. Like the boy who cried wolf - you keep saying the same thing over and over and PPHM keeps making lower lows. Why not just say that everyday, and some point you'll get it right. Whereas I've been crying wolf, but I've been CORRECT! PPHM price action needs to make a change quick, or lower lows are coming. I haven't seen ANY signs of a rebound coming....when I do I'll be sure to let you know. Hope it happens today!

So - it's almost been 2 months since the last financing that provided 2 months of cash burn. I wonder what PPHM's next move is. I think posters should wait for something positive to happen with the stock price appreciation, volume, a divergence, news....something....before stating how much of a buying opportunity this is.

[jessme]

"That's funny, to me the action in PPHM seems eerily similar to when companies are about to announce something big!"

Could you furnish me with the links or articles backing up this statement?

IMO, few people are ahead in their investment with PPHM. The financiers, management through their salary and bennies, and traders. Also included would be those who sold during the dotcom bubble on the way up and bought more once it tanked again. However, unless they did some buying and selling after their second time around with PPHM, they are in the hole now on that latest reinvestment. Look at all the buyers and their "Buying Opportunities." Unless they traded they are all down.

[jonnyrocket]

By the way Atone, I really do hope you are right. Fingers are crossed. But I don't see what you're seeing yet. I need signs. I can't just go off of "hope" - I need signs, whether technical or financing fundamental.

Let's see those moving averages on the daily start leveling off....we need to hold the line here. We go lower from here and bad things are going to happen IMO.

And you see, PPHM with so many irons in the fire, and high short interest, just one not so great report or not so great data, just look at DEPO, look at AVII with their contract news...these shorts are relentless. This biotech investing can really suck sometimes. Especially when you go down to ALL TIME LOWS without any bad data or trial news!