Boston, I don't subscribe to conspiracy theories when it comes to stocks. However, stock manipulation, in my opinion, is common. Fear is often the vehicle.
The Yahoo thread often has some very interesting, if not outlandish, statements and claims. I do NOT recommend following the Yahoo discussion. Recent posts suggest that Visudyne results have been disappointing, retinologist are unimpressed and that analysts' market penetration forecasts are far too optimistic. I think the stock is supposed to go to $25, according to one such post.
I have asked the two posters to provide the names of clinics where the retinologist are disappointed with the results of the Visudyne treatments. Fortunately, I will be vacationing in the US for about 5 weeks commencing later in October. I would like to contact, or preferably, visit one or more of these clinics. Due diligence, you know. So far, I have not had a response on the forum or on the email address that I provided. I am beginning to wonder if I will get any response at all. I suspect that the posters are using more of the same old slam and scram strategy and that they will not provide the requested information.
Regards,
Ed
P.S. I understand that the majority of selling is coming from one source that holds a large number of shares. It would not be surprising to me if an early, institutional investor in QLT decided to do some major profit-taking. |
