On Monday, The Bowser Report
issued a daily mover alert on Simulations Plus (SLP), which fell more than 10%
for the day.
SLP was up almost 66% on the year
before today’s drop. With no fundamental news and the market down well over 1%,
it’s likely that this move was a sell off related to the current market
climate.
There has also been some insider
selling. CEO Walter Woltosz dispossessed over 32,000 shares off the open market
on January 21, and he sold another 58,000 shares on January 29. This could have
also contributed to the recent drop in share price.
With shares well over $8, no one
following the Game Plan should be entering new positions. In fact, those with
holdings should have sold their remaining holdings as per the Game Plan. $8.92
is 25% off its most recent high.
To learn more about The Bowser
Report, visit https://thebowserreport.com
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