/biz/ - Business & Finance

>>50512426
>SIGA plummets 15% for no reason whatsoever
Every transaction requires a buyer and seller. Volume is non-existent. Thus, the WHO is not the catalyst that we thought it was going to be in terms of investors' outlook on that stock.

What that means is that the people who DID bet on the WHO announcement found the market liquid -- nobody is buying and selling. That's not a bearish signal -- it just means that the speculators that were hoping to gain in the short term this week got frozen out, and had to sell at a low enough price to entice a transaction that otherwise would not have taken place.

In other words -- MOST smart money isn't going to throw money at a stock that appreciated over 100% in two months. So those that want to sell NOW have to smash the price downward to actually entice people to take a risk. But those that are already in aren't selling off. It's trading turbulence not investor movement. The turbulence is just huge because the stock is low-cap and has had recent volatility --- which is exactly the reason why you invested in it in the first place.

If it WERE a bearish signal and SIGA was poised to drop based on pox being declared a nothingburger, we would have seen high down volume (i.e., massive selloff) on Thurs/Fri. That didn't happen.

tl;dr -- SIGA is still hibernating. Could go up, could go down, but right now it's just a crab rolling around in its sleep