RE:RE:RE:RE:New Analyst Coverage: Thera "Speculative Buy"As SPCEO has pointed out, the market is unfortunately very highly swayed in the very short term by the trading around set algorithms, some, for example, based around things like the silliness of counting the number of positive vs. negative words in a PR announcement, any "new buy" announced (like we saw today), anything having to do with certain types of announcements (like the AACR presentation day when THTX traded 7mil shares, mostly traded amongst themselves), etc.... I would not expect this "Loe's Bounce" to have legs. It's all noise trading, not investing.
By the way, this is also why some companies are constantly announcing stuff -- to feed the day traders and algos. It can stay that way until it can't -- until one of the short selling publishers brings some sense to it like Citron did to CYDY. Unfortunately it can last long enough to create $4bil of value in CYDY based on a drug that so far hasn't shown it can do anything.
Let's just hope that THTX can have actual legitimate news to disseminate on a regular basis starting around now and going through the year to create the momentum it needs -- financial momentum around revenues/cash flows, share price momentum, pipeline momentum and newsflow momentum. They need it in all realms!
Jasonthehumble wrote: Your theory might be true due to the high volume compared to the average volume.