Boiler, Im not saying that traders are keeping the sp down. Im saying that the low volume market moves are just typical market action whether up or down. The sp has been in a long term term downtrend and not that long went under 10c and it then recovered and then came back again.
The fundamentals havent altered to the negative, so its not the fundamentals that are the key factor in the day to day low volume churn. IMO the key impact at this stage of the fundamentals is that most shareholders are hanging on to their shares and therefore there are no large scale moves. The stock has been basically range trading recently and will likely continue in that vein until more excitement can be generated along the trial journey. biotechs as you would know are difficult for the market to attribute a fair value in their development stage and therefore the daily trades arent based so much on fundamentals but a whole range of trading factors that can be speculative in nature.
IMO at the present time its short term traders/holders that are determining the market.
Boiler, you have often derided the relevance of fundamentals for this type of stock and you have had many a stoush with Robhood over that, yet now you are trying to convince me that its the fundamentals that are driving the sp. Anyway I dont intend debating this issue further as its unproductive. Leads only to more you said I said posts as occurred with Robhood.
cheers and good luck with your trading.
PRR Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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