Oncolytics Biotech Inc T.ONC

Why is the stock down?

[Snowdrift]

Hi all,

Why do you think the stock is tanking today?

Are people taking profits?  Do they feel that a phase 3 trial will take too long before the FDA gives its approval?  Are they disappointed that a buyout has not been announced?  Any other reason?


Snowdrift

[Lesalpes29]

I'm biase but manipulation for accumulation. 

[Snowdrift]

I sure hope you're right !!

[Angler101]

Lesalpes...you are exactly right....manipulation by mm’s taking out stop limits and accumulating for the next run-up....a 15% pull back after almost doubling in the last short while can hardly be called “tanking”

[Noteable]

Monday May 29th is Memorial Day in the United States which has those "wanting in" exploiting those daytraders not wanting to hold stock over the weekend.

[Angler101]

And those folks who were silly enough to put in stop limits and had them cherry-picked today by the mm’s, had better buy back in soon or they are going to be really sorry by next week.

[Buckhenry]

The only silly folks on here are those that did not sell yesterday and lock in profits. You bag holders keep holding.  I'm in the stock market to make money. Not sure what you dreamers  reasons are. 

[Snowdrift]

You're right, 15% is not tanking, considering the previous 60% run-up. But it feels brutal anyway. And it comes as a surprise to me since the results were good and the press release put a very positive spin on the whole thing and ONCY has been invited to speak at ASCO.

[westcoast1000]

"In the short term, the market is a voting machine. In the long term, it is a discounting machine." -W. Buffet. "Buy on rumour, sell on news." Anon. These two quotes explain the price decline.  In the short term, more people voted that they expected the price to fall, and sold, than the number that bought,  simply because it had run up and the news then came out.

[Snowdrift]

You@re right, 15% is not tanking, considering the previous 60% run-up. But it feels brutal anyway. And it comes as a surprise to me since the results were good and the press release put a very positive spin on the whole thing and ONCY has been invited to speak at ASCO.