OJ, this is not a big dump. This is the same pric
Post# of 36564
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Posted On: 07/08/2019 12:02:16 PM
Re: OrlandoJohn #4573
OJ, this is not a big dump. This is the same price as less than a week ago. Maybe tc can do some chart talk later, but the share price was too frothy to maintain its steady climb.
People who did not do their own DD got excited about the 1:1 divvie and jumped in as the pps increased. Once it started going down they panicked and started selling. Small biotechs need a steady stream of meaningful PR's in order for the pps to increase. I would expect a lot of volatility between now and 7/24, and more downward pressure after 7/24.
I'll go back to what I have said in the past. Without news regarding uplisting, positive earnings, non-dilutive funding, or major progress in GNBT's other major initiatives, the pps will drop. It has to cool down for a while or there will be no substance to undergird the share price. This is the time to pick up more shares and take advantage of the divvie. However, the lows will probably come at the end of the day. This is the basic pattern of all the small biotechs I have owned, including the original iteration of GNBT.
People who did not do their own DD got excited about the 1:1 divvie and jumped in as the pps increased. Once it started going down they panicked and started selling. Small biotechs need a steady stream of meaningful PR's in order for the pps to increase. I would expect a lot of volatility between now and 7/24, and more downward pressure after 7/24.
I'll go back to what I have said in the past. Without news regarding uplisting, positive earnings, non-dilutive funding, or major progress in GNBT's other major initiatives, the pps will drop. It has to cool down for a while or there will be no substance to undergird the share price. This is the time to pick up more shares and take advantage of the divvie. However, the lows will probably come at the end of the day. This is the basic pattern of all the small biotechs I have owned, including the original iteration of GNBT.
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