re: Ann: Successful Completion MoxDuo IR Comp... Hi Galaquil
I don't think there is anything specific going on. A definite lack of buyers, but also sellers. The sell side is stacked up over $2 so a long way off. Every day buyers will appear between 1.65 and 1.70 just when you think it'll drop off a cliff. Today was light on trades, we are usually filled with bot trades in between the at times large spreads. The bots have been playing with themselves so much, there's barely been any real trades at all. If they left it alone and the holders waited, the buyers would come.
I'm in another biotech RVA that is having the same issue. The only thing I can think of is they're all suffering from Pharmaxis syndrome, a bit of fear that trials won't happen or products approved. That and the fact that a majority of shares have or are tracking back to their 200 dma.
IMO QRX is a screaming buy at this price st and mt.
A successful competitor to Oxycontin has got to be worth a shout.
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