RE: for what it is worth ..19 Aug 2020 19:10
You pretty much nailed the technical play here. Does seem that the selling last couple of days has slowed as they don't want to hurt their margin. That 130 thou sell may have flushed a decent chunk of their stock out.
Personally I like the fact that volume is contracting, it may, just may be a positive sign. But you could be right again it is just the margin being too low from their buy point. However, they have sold a lot of stock and we could just be ready by September to dance in the Ellysian fields.
What we can see are the contracts are being made. Challenge trials and getting the Wildfire team seems to be super strong move. Codagenix have heavyweight backing in Gates and Simons, if we are good enough for them we are good enough for all. Non Covid is kicking off. So far CF executing like a Samurai. Stock will reflect that in months ahead as pharma becomes even more salient to these times.