This recent trading looks like someone trying to drive the price down surely. Hard to see what fundamentals prompted the drop and its not particularly high volume trading, plus low sell offers are being removed during trading hours. I guess in some ways that's good because if someone serious is trying to take up a position in the stock, they must think its going to rise substantially in the future. The prospect of FDA approvals can attract speculators to a stock I find.
Nonetheless, its hard to watch it go below one's entry price! There's some much psychology involved in holding biotech stocks because of their volatility.. I think Warren Buffet's adage 'fearful when others are greedy and greedy when others are fearful' is amplified with them. Not sure I'm game to buy more at this stage, as I already have quite a few.
GSS Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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