RE: Why Why Why18 Oct 2022 08:50
I think Gruff, the fall started because of the 4th cohort announcement. That "delay" on results took the steam out of the SP and some probably took their money off the table and put it elsewhere thinking that they have another 6-8 weeks before returning it to AVCT (if they so wish).
It looks to me that it is mostly PI 's that are buying and selling this stock and if this is BB is representative of the typical PI then the drivers of their decision making will be highly emotional. Therefore is it likely not to be rational.
And this is still ahigh risk stock and one of the elements of this type is that its easier to buy and hold on, say a 1 year trail at the begining, but when you come towards the end of the trial and a likely definitive statement is to be made on the results, then some will take some or all of their money off the table just in case the results disappoint.
Forget all the "knowledge" here on this BB, that says thats impossible: Many PI's buy stocks with little understanding of actually what the company does or id doing.
Gambling now has exploded in this country and stocks have always been a perfect market on which to lure the emotionally susceptible individual into. As a result more volatility in stocks that could potentially give large returns become very attractive to that type of "investor".
So like most things it will be a combination of factors, but the upshot is, its supply and demand.
The holder/seller has the supply and the buyer is the demand. At the moment demand is for a lower SP. If the seller refused to accommodate the demand, the price would rise, but right now the buyers are holding firm on wanting lower prices before buying the stock and the sellers are giving in.