Replies to post #122363 on Avid Bioservices Inc (CDMO)

[murdockkills]

im sure when it hit $70 back then the o/s wasnt that high, so it could have been a little easier to hit that back then than now.

[Green grine]

My PPHM addiction started when it was at 3, then the $16.- run for a day, and the next day when it dropped down it felt like end of September of 2012!

If I remember correctly there was some automated trading that had a glitch that day and someone bought way more shares than they wanted to. It was also right at the time of the big bubble where everything was going up.

Hoping the ASCO presentations bring us something solid this time!

Green

[discodave1]

yeah i see now. Not going to lie id be happy with a 5$ gain, sell some shares to lock some profit in and ride the rest long while occasionally selling small blocks along the way. Maybe tomorow?! Doubt it but I see a rise to at least low 2$ by fri.

[PPHMownsME]

There are tons of stocks that made simlar moves during that time frame. I don't think it was because of Peregrine, it seems more likely related to a biotech "bubble" of sorts.

I wasn't invested in the market back then, but if you look at a bunch of random small biotech charts, many of them have that same spike.

Two examples are ONTY and ARQL.



Take a look