RE:RE:RE:RBC's aftermarket dumpOne popssibility, although the evidence does not support it very well, is that Research Capital accumulated some shares prior to the meetings with institutions last week with the hope of selling those shares onto those institutions after the meetings at a nice profit to Research Capital. You can see how this might work. Research Capital agrees to escort TH around to some of their institutional clients a week or so in advance of the actual meetings. TH times the PR on their pre-clinical study findings to coincide, not with the actual publication of the article but with the start of the road trip to see the institutional investors. Research Capital makes sure the initial response of the share price to the article's publication is a significant jump in the share price to create some excitement for those institutional investor meetings. The institutions end up not buying so Research Capital's trading desk is holding stock they really have no interest in continuing to hold, so they dump it back on the market. Instead of making a big trading profit, Research Capital is able to eke out a smaller profit. TH at least got to present their case to some institutional investors and prep them for an upcoming offering. Research Capital will particpate in that offering so they will make some money later as well.
The evidence only partly supports that scenario in my view but you can see how some might believe that is what down over the last coupld of weeks. Also, it is all pretty small scale stuff given the overall trading volumes over the last two weeks. It is nothing anyone should get too bent out of shape about (unless you were the buyer at US$2.45 last Monday).
But if this is something like how things went down, the pump and dump moniker applies. Again, I think the late Friday selling was more attributable to margin calls, or more likely, someone trying to get ahead of a potential margin call. I beleive last week was the worst week in the market since January and the worst week for NASDAQ since 2020. You can be sure some investors who use margin are getting hammered.
qwerty22 wrote: Like everything else with THTX you need patience for your pump and dump to deliver :)
Pump and dump sounds so meditated. Could it be exuberance (over not so much) followed by deflation?
muslix1 wrote:
simple Watson ... no news THTX falls 2 or 3 days later ...
or pump and dump ...so classic.