Maybe it is just the fact that there are no buyers
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Posted On: 05/26/2021 4:05:27 PM
Maybe it is just the fact that there are no buyers here. The market looks at the next potential catalyst as being results from the Brazil trial which are still 5 to 6 months out.
Regarding the 13D, Clearly this new group is not accumulating a lot of shares, given the anemic volume. And even if they were somehow able to insert themselves into some type of leadership position, we still do not have a catalyst for the next six months -
Ie, it’s not like Elon Musk would be on the team. Some have mentioned long-haul results - who knows.
So I could be way off base, but I think overall the market is viewing this as dead money for the next 4 to 6 months, and the FDA letter obviously took it’s toll as well.
I remain long, and have been buying shares, but I am now out of dry powder. I hope I’m way off base and we get some massive news that propels the SP higher. But I’m not holding my breath.
Regarding the 13D, Clearly this new group is not accumulating a lot of shares, given the anemic volume. And even if they were somehow able to insert themselves into some type of leadership position, we still do not have a catalyst for the next six months -
Ie, it’s not like Elon Musk would be on the team. Some have mentioned long-haul results - who knows.
So I could be way off base, but I think overall the market is viewing this as dead money for the next 4 to 6 months, and the FDA letter obviously took it’s toll as well.
I remain long, and have been buying shares, but I am now out of dry powder. I hope I’m way off base and we get some massive news that propels the SP higher. But I’m not holding my breath.
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