SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Aurora Biosciences (ABSC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Haugland who wrote (104)5/22/1998 11:28:00 AM
From: Czechsinthemail   of 359
 
Richard,

Thanks for your information and thoughts about what might be going on with ABSC. The problem with trying to explain a drop in price in a small company is that it may or may not reflect fundamental problems with the company. As the stock drops in price, a negative sentiment builds which causes more fear and people sell more shares and fewer are willing to step forward and buy. It can easily develop the kind of selloff we've seen with nothing more than fears to justify the selling. Without clear information to dispel the fear, it is easy for it to take on a life of its own. Eventually, when the panic subsides, people come back into buying the stock and it jumps up, people feel more confident, buy more, etc.

The drops on relatively low volume suggest small individuals selling their shares with no one committing to buy large amounts. That would generally be a positive indication that those most in the know and most heavily invested aren't selling lots of shares. In that kind of situation, the stock is likely to pop up as soon as any significant buying comes in. With the stock as cheap as it is, I think bargain hunting makes sense. My guess is that the stock isn't likely to drop much further and may be strong on Tuesday when bigger players come back into the market.
Baird
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News