Hey! I Just realized something; you guys need to chillYou guys are freakin out because the share price dropped, but why? Its only bioteck cutting his losses on the thyroid presentation play he tried to make. Please bio enlighten us, how many shares have you sold in the last week?
You have to understand that such a TINY precentage of the overall float is being traded daily here. I could sell 50 thousand shares at a 1.30 and ya'll would suddenly be like "Oh no the share price is crashing" but in reality it was just a single person and all the other thousands of investors are holding strong.
Now that's not to say that it does suck that SOME small precentage of people are playing the trading game, but do you know why they are doing it? Doesn't have much to do with the company in reality. It's because typically when you break a level of support, the share price continues to decline until the next level of support. So It was a pretty easy bet for smart investors once they saw us break 1.50 to sell because it's likely we are heading back to the $1.20 range where they can buy back.
In conclusion, the share price for this company doesn't necessarily reflect overall investor sentiment. This bull board also very much DOES NOT reflect investor sentiment. We've got like 5 guys (burgers and fries) here making it sound like they speak for everyone. The share price can move very easily with only a few small trades. When volume picks up, and we start trading 20 million shares (like them good ol january days) on big news, the stock only has one direction to go and that's up. Look at the data and you'll see there's not much room for 20 million shares down here.
But then you say, "Hey? How do you know we'll ever see volume up at 20 million shares ever again?" and to that I say look back at one of my previous posts where I outline all of the potential catalysts that could be incoming. Ask youselves, what are the odds that absolutely none of those happen? It's pretty slim. Sernova is bound to deliver on some level at some point in time. I hate waiting for it, but that's the world we live in.
Anyway, go drink a mimosa or something and calm down. Or just remove SVA from your watchlist and only check back once every couple of months.