Originally posted by Learning53
Interestingly, it seems GK may be feeling a little "heat" as well. Yahoo Finance web site has an article that you might find of interest.
https://finance.yahoo.com/news/prana-biotechnology-limited-asx-pbt-001651861.html
Yes, I hope this thing finally gets legs. I was looking at getting a little more at this low price but now will have to see what is afoot. While I have been very critical of management's comfortable, well-paid, slow pace, I still think PBT434 could be a winner. Perhaps the "hot seat" for GK might be an inspiration to make things happen...at least I hope so, for all of our sakes.
Strange, when Prana started dosing volunteers, the NASDAQ price was around 2.20, ignoring the short spike up to about 2.90, then over the course of of the trial so far, the price has halved. That is not usually how it works IMO. Is that abysmal PR or just manipulation that was going to happen anyway. Maybe the PR dept is about to redeem themselves
Then there is US tax selling where investors offload stocks before end of December(end of US tax year) using the loss to minimize taxable gains, then able to buy back after 30 days. At least the hold put a stop to that.