I think there are several forces at play in depressing the PPS.
One is likely margin calls, market in general not conducive to hanging onto stocks that have under performed for an extended period. SGMO has been in a downtrend for 6 months or so.
With no news to create any urgency or even a near term reason to buy, people sell. Looking for greener grass.
AND they may very well find it, at very attractive prices.
When will EL decide to build a fire under the price? NOT HIS STYLE.
"B"
still waiting, still watching............Just how far down is down?