I would agree the market lost confidence with the policy acceleration hype and is correcting the mistake it made from over pricing NCCN policy hype. I believed the policy hype with the larger sale print (which was not forecast, just got lucky timing with the extra sales) with Michigan and the 2 national payers ( first national payer was 19/7/23 and a day off top tick for the up move), not much else happened to justify the hype after that. already known 17/4/23, not surprise announcements, the lesson for me was these are sell the news items which the professionals started doing.
IMHO this is over correcting to the downside as much as it overpriced to the upside as markets tend to do. As history has shown, there was not much going on during this time frame, so a perfect time to change out the board and management and clean up the mess and monetize SOZOs. As for confidence in the management, this will be on show at the GM vote.
There is a better way. Acclivity
IPD Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
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already known 17/4/23, not surprise announcements, the lesson for me was these are sell the news items which the professionals started doing.
(20min delay)