RE: Proboscis - GBMBecause of your posted high regard for Bilo I was even thinking about lightening up yesterday after reading everthing that was wrong with this company in his latest post. Fortunately my son and son-in-law both talked me out of it. If Reolysin flops I won't have a friend left in the world.
well, there are a few people who have bought onc on my personal advice, and while they have been much happier lately, i can't say given the progress (or lack thereof) on the business front that i am totally satisfied.
as someone observed earlier, this stock is trading on technicals, not on fudamentals/news since there is little news that isn't already anticipated and priced in to the stock. (the only news that isn't priced in is TRIAL RESULTS, imo.)
accordingly, without any substantial news on that front expected anytime soon there is little in terms unexpected substantive progress in the near term to drive this stock higher. (and sorry but i don't call announcements that say the UK has approved conducting of ph I systemic reolysin trials or filing of FDA applications as unexpected substantive progress.)
What a trading stock.
i would guesstimate that at least 3/4 of the daily volume since the 52 week high is attributable to short term traders.