stellar Biotechstellar Biotech id going down down down1can somebody comment on this.
harsh
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I feel your pain; I’m long this stock. There’s always the fear that a stock is a Pump & Dump, or at the very least, some big shot is manipulating the stock. There are several large holders, whose basis is lower than regular shareholders’, thanks to the several SPOs the company has made. When a stock trades with a daily volume of 35,000, then suddenly volume shoots up into the millions of shares, as twice happened within the last month, I can imagine one of these millionaires buying large positions cheap from holders disillusioned by the months-long decline, from April to now, then dumping those shares into the euphoria created by the volume spike they themselves created. Add a teaser or two, and there you have it. And I guess they can just keep doing this, inexorably draining off regular investors’ money. I hate the way this company does their SPOs. Mr. Oakes should study up on the way Elon Musk, of Tesla, does an SPO.
I find it bothersome that there is never any news out of Stellar, except that they’ve brought a new person on board, or planned another presentation. I think the company could really take off, on a real piece of news. I’ve contacted IR, but usually don’t get so much as a reply. Also, because of that huge fall starting in April, I suppose there is a heck of a lot of overhead supply that has yet to work itself through the system. And that makes it difficult to climb up in price. It seems to be doing all right, with plenty of volume the last couple weeks. Let’s hope it can regain the $2.00 area, then up from there. Good luck.