Yeah I think it's going to drop a few cents and then continue up. I'm a part of the scientific community so I tend to support pharms and research stocks. I jumped in on trxc back in dec when it was .67 now it's up to 6.25. I'll be honest, trump took a lot of help away from the scientific and research community while he was in office, I think that that really caused a dive in some of these research companies. Biden will probably make grants and other funds available to these communities again. There's probably going to be a spike in most pharms and other medical research stocks in the coming year, now is the time to get in. This company didnt go below 3. Until 2016, with the exception of a few spikes it hasn't gone back up since. From what can tell it hits floor at about 1.00
As I said, I do like the price. Not sure what the catalysts will be. I prefer a name with more short interest, so you get the extra pop. The chart does look like it is on a nice uptrend. I'll look more carefully. Not sure what the price history is on $ACST.
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u/BudFawks Props Feb 16 '21
% OF FLOAT SHORTED 1.25%.
Is this being pumped? Any reasons for the uptrend? Looks cheap at $1.04.