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Why Does This Stock Continue To Drop After Great News? (ARDM, HEB, BDSI)

By Admin on 07/24/2009 – 6:00 am PDTLeave a Comment

I find it odd thatAradigm Corporation(OTC:ARDM) stock price dropped the day after Zogenix, Inc. was granted approval of the Sumavel™ DosePro. ARDM gets a $4 Million milestone payment upon first commercial sale and royalty payments upon any sales of products in the U.S. and other countries, including the European Union, which may be developed and sold using the DosePro technology.

One of the stock market forum junior members “carboy” blames the recent price action on “price manipulation” and says it wont stop until the “new administration cleans house” and the “SEC has to actually work, congress has to pass laws. Naked shorting and confusing ‘price friction’ are the norm with these volatile penny or bio-tech stocks. BioDelivery Sciences International, Inc. (NASDAQ:BDSI),Hemispherx BioPharma, Inc (AMEX:HEB)Aradigm Corporation (OTC:ARDM), etc. ‘Price friction’ is when there are more buyers than sellers but a stock goes DOWN! ?? BUT, once ‘they’ are satisfied and everyone is in, they let it go. I expect ARDM to reflect a truer price soon. A real PR would not hurt either.”

Let us know why you think ARDM’s stock price dropped after the great news. Go to the stock market forum to share your opinion and see what other are saying.

Also, to help you find the next big biotech stock waiting for FDA approval, we are for a limited time giving away our FREE FDA Calendar to the next 1,000 new forum members of the stock forums exclusively for our Stock Market Forum members. Other sites try and charge you $120 or more for an FDA Calendar but we give it to you for FREE!

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