BPAX is valued where the buyers/sellers believe it should be today, in Dec it was at one point 2.66/ a share & then .38/share, you need news to change the value of a biotech stock(lack of news causes a stock to go to its least resistance point)
So the pipeline and potential is worth .54?
I am not talking about day to day changes in the PPS, I am saying over time, weeks, months, with news events changing the landscape of the stock. You can not watch a biotech day to day(especially if it is trending down)
How can it reflect both at the same time?
Note: I am not currently in the stock.