RE:My theory is… My Theory....
Dont think tax loss has much to do with this particular stock! Anyone of the Buyers that participated on the Offering bought because they could not Buy larger positions like Millions Of Shares any other way and Paid the Premium to do so. Why in the world would they now dump at lower levels? They are in for the Huge Gains coming when FDA approvals are given...and that is not an IF but a WHEN!
Trust me the Gains are going to be HUGE and anyone who has been closely following this story know it!!
the Low Volume Selling has brought the SP to levels that will scare the weak hands...but activate the strong who will Buy more at a HUGE DISCOUNT!
As MM says when the NEWS does come and so Thinnly Traded, it will be a ROCKET RIDE!
This company has NEVER BEEN IN A BETTER POSITION than this! SP will be in a much BETTER POSITION in time for Christmas Cheer!
For now the low volume Selling will have its way..it's so obvious...as I watch the Level 2 and the Offering side throws small 500 share lots into the bids! Too funny...but we shall see who has the Last Laugh!!
All IMHO
Still REVED UP
Cheers Boys & Girls!!