Not sure what's happening..Posts not going through..
Sorry everyone..This one for Zig..
It's been a real frustrating stock, but I look at this as an accumulation...
I mean we have seen SP manipulation in stocks, but most happens during the trade time when 1 or a few shares are sold by bots for hours and they keep a check on the price.
Here we have bots or whoever selling and buying some ridiculous amount aftermarket to manage the closing price..A few days ago $50 or so share was brought after market to close high..then $46 were sold to close at days low..
In my experience its just accumulation and nothing else..Time will take out more shares and someone is accumulating..Now this is just my opinion and my way of looking..
Now if you look at the volume since the drop (17th August it started rising) and touching all the way to 20c . My take is you need strong buying to push the price up to 20c...volume traded between 17th Aug -30th Aug it was over 10-11m m total...Plenty has been brought between 16.5 - 20c range..
Look at vol between 30th Aug till date...only approx 4 m has been traded / sold to bring the price down (Out of 4m ..2.2 m was todays volume)....So where is the rest gone ????
Push up 10-11 m Vol..pushing down only 4 m Volume...If you look back at the last few months of volume..this has been the trend..
The positive news / progress from the last 6 months has not been incorporated in the current SP...Again I ask myself why??
Every time ....it has traded in the range for whatever reasons..
Anyways I think it's accumulation / manipulation for either TO/ CR/Partnership etc..
Now what keeps me here and I keep reminding myself is :
Obviously, science has worked in OZ trial
Dr CG appointment She wouldn't be here if there was no future / belief
Dr CG s appointment as Chair and management expecting board changes in the next few months ( I mean how impt are the next few months...hence board changes means a lot IMO. Remember the board has not changed for years hence informing us prior is an indication)
With board changes, there can also be possible changes in the control of the company and hence the above is a very impt statement
Global plans for trials etc..
Pro Voit as PI ...been mentioned ( Another hint ?)
No current reliable therapy with positive results especially for the Non Ambulant
Sarepta issues, DMD / inflammation market as companies possibly accepting that inflammation might be the major issue that needs to be targeted..
Plenty of other positives that we all know..
Well, I think a good time to be in this stock..Frustating but I think next few months can be a game changer..
