Since around June 7th, the GNBT pps has been prett
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Posted On: 07/26/2021 4:30:55 PM
Since around June 7th, the GNBT pps has been pretty much kept in the $.23 - $.25 range, https://finance.yahoo.com/quote/GNBT/history?p=GNBT with the exception for June 22nd https://finance.yahoo.com/news/nugenerex-immu...00910.html
I am really getting the sense that GNBT is being view as “The Boy Who Cried Wolf” with their PRs and 8-Ks.
I have no proof but viewing what happened on 6/22, it would seem that any and all traders that have any interest in GNBT have their orders to buy using “Buy stop orders” and/or “Trailing stop buy orders”. On 6/22, someone(s) started buying on the news, triggering the conditional buys, but when it was figured out that the news didn’t put actual dollars on the table, the pps went back to its usual watermark.
If I am right (hope not), then no news will move the pps (including the IND) unless there are actual dollars being put on the table (GNBT coffers). I think that the NGIO IPO will do the job, but the IPO success is dependent on the IND. And the IND could be met with the usual ho hum attitude since it will require money being spent not being made. We might just be in an endless Catch 22.
I am really getting the sense that GNBT is being view as “The Boy Who Cried Wolf” with their PRs and 8-Ks.
I have no proof but viewing what happened on 6/22, it would seem that any and all traders that have any interest in GNBT have their orders to buy using “Buy stop orders” and/or “Trailing stop buy orders”. On 6/22, someone(s) started buying on the news, triggering the conditional buys, but when it was figured out that the news didn’t put actual dollars on the table, the pps went back to its usual watermark.
If I am right (hope not), then no news will move the pps (including the IND) unless there are actual dollars being put on the table (GNBT coffers). I think that the NGIO IPO will do the job, but the IPO success is dependent on the IND. And the IND could be met with the usual ho hum attitude since it will require money being spent not being made. We might just be in an endless Catch 22.
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