Starpharma is a multi multmore than a one trick pony, page-10

This morning was interesting! There were a couple of genuine bids at $1.95 and the market opened at this price. Then it was pushed down on to $1.88 before recovering a little.

Why would a holder of the stock put in offers which depressed the price when the natural desire of a seller is to receive the best price. It is market manipulation for one of three reasons:

By shorters to reduce the price so they can buy back at a profit or,
By holders seeking to depress the price so they can buy more at a reduced price.
By day traders who sold into $1.95 and wanted to buy back. But the volume was small so the return a few hundred dollars at best.

Panicked retail investors? I doubt it. Institutions quite likely. Day traders quite likely.

Our problem is that our investors, with a few exceptions, do not trade. Biotech is a long game and the conventional wisdom with Biotech is to put them in the bottom draw and forget about them.

While I should put SPL in my bottom drawer it has become a bit of a hobby.

GLTH