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Biotech / Medical : Provectus Pharmaceuticals Inc. -- Ignore unavailable to you. Want to Upgrade?


To: LT2011 who wrote (11551)10/4/2012 10:45:58 PM
From: carbon  Read Replies (2) | Respond to of 13111
 
LT2011

I believe on Tuesday we saw similar selling in the last hour.

We can speculate all night on who or why,

- We have our friend Dr.Adams
- We have frustrated shares holders, who were promised an SPA by "base case" 3rd quarter.
- The IPO is given some anxiety (although it should not be looked upon as something extremely negative)

- There are rumors of people shorting the stock to help the IPO (I do not think that is true)
- Perhaps there are some that just are tired of waiting.
- Perhaps the FDA is giving the company trouble, hence the delay; I do not think that sits well with some.

The list goes on and on, LT2011.

The good news people are still buying those shares. In order to sell, someone must buy. Unfortunately we have more sellers than buyers. I believe todays RSI index was around 35.89 at closing.

Monday was huge disappointment to say the least.

what do you think LT2011?