RE: 3MM volume today and plungingStockbuphoon,
My credibility is shot to hell, so what the fuuck does it matter what I say. I catch shiit for disclosing some information that is worthless. I'm ready to kick the shiit out of the neighbor's dog (my poor mutt has already paid the ultimate price)... (just joking about the last one).
There's nothing to shock and rock your confidence like seeing the share value plummet. How can it be so low? Someone has to know something I don't. Is the company really 'not dependant' on capital financing from the markets? And if so, why is it being shoved down to ridiculous levels? This brings you back to the 'Someone has to know something I don't', senario. The thing is, someone doesn't know more than you or I. Aside from a select few within the company itself, everything we see going on is as a result of decisions made for reasons we can only speculate on.
I own another biotech (T.RBM) that also has management which has failed to deliver upon expectations. Also strapped for cash, they were just forced to do a capital financing about 3 weeks back. The stock fell from a 52 week high of about $2.30 to 10 cents. In the last 10 days it has recovered from 10 cents to 28 cents. It's damning with faint praise, but it has gained 180% in that time. Little comfort with an average cost of $1.70 share.
It's fortunate I do not possess a violent personality, because if I did................
Good luck,
Felco