Today's Price Action Was Very Strong
Yesterday began with a 5.15% decline from the prior day's 75 cent close and ended the day up for a 30% gain to 98 cents, 23 cents above the prior 75 cent close. As indicated yesterday, that constituted a key reversal on 120,000 share volume.
Normally there follows some solid retracement from such a large percentage gain as the price backs and fills prior to further advances. Today at a penny decline to 97 cents for the day that constituted a incredibly modest 1% off the prior day's close.
To Ming, that is indicia that this rally has legs and should PBIO bring to fruition any of the six initiatives in June contained in Ric's press release yesterday, PBIO's share price should benefit greatly. All in the never modest opinion of Granduncle Fong's favorite and only nephew, Ming.