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Posted On: 06/30/2020 7:25:48 PM
Post# of 148903
Re: ClosetInvestor #40210
ClosetInvestor,
I respectfully disagree with you.
CYDY deserves to make daily gains "without significant news". This happens very often in the Biotech space, as you surely know, prior to substancial news. Have you heard of buying on the rumor and selling on the news ???
Wouldn't you think that being close to at announcement, any day now, of results of a couple of clinical trials with possible positive news to effectively help patients in a Pandemic that is killing 1000's of people daily (worldwide) and is causing an economic meltdown in the economy is a good reason for the SP that the company exhibited yesterday??
We can disagree in this one, but I think the price was not overblown. And respect those that think otherwise. That makes the markets
However, your characterization of "daily gains without significant news", implying that the price was irrationally overextended (hype and speculation ???) , is not fair. imo this is exactly what should happen before the release of substancial news.
BTW, my account is down today much more than a million $ and, for some reason, I am calm as a clam … I think I know why
GLTU
Quote:
As myself and others having pointed out over the past 9 trading days, CYDY has been making daily gains without significant news and the run has mainly been based on hype and speculation. Yes, leronlimab has shown promise in COVID, but we’re 2 weeks away the official data release. Those who swing trade stocks noticed the hype and speculation and hopped on for some profits, including those who short stocks.
I respectfully disagree with you.
CYDY deserves to make daily gains "without significant news". This happens very often in the Biotech space, as you surely know, prior to substancial news. Have you heard of buying on the rumor and selling on the news ???
Wouldn't you think that being close to at announcement, any day now, of results of a couple of clinical trials with possible positive news to effectively help patients in a Pandemic that is killing 1000's of people daily (worldwide) and is causing an economic meltdown in the economy is a good reason for the SP that the company exhibited yesterday??
We can disagree in this one, but I think the price was not overblown. And respect those that think otherwise. That makes the markets
However, your characterization of "daily gains without significant news", implying that the price was irrationally overextended (hype and speculation ???) , is not fair. imo this is exactly what should happen before the release of substancial news.
BTW, my account is down today much more than a million $ and, for some reason, I am calm as a clam … I think I know why
GLTU
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