Re: Resverlogix & Zenith, hmmm...
in response to
by
posted on
May 15, 2015 10:59PM
" if we start see large increases in volumes this could indicate that a deal is getting closer and closer, leaks always occur and usually a precursor to major news, the next 60 days will be interesting...."
Couldn't agree more with that statement.....In March the PPS started out close to .80 cents, then volume picked up and the PPS took off. Lo and behold we later find out about the big China news.
For now it seems we've settled in this $2.50 - $2.70 range.....and there hasn't been a sell off. So for the moment it looks to me like the market has determined this to be fair value. Like most (everyone?) here I'm still thinking there's more upside potential....but if we stick around this level its hard to complain when not long ago RVX was trading for 50-75 cents.
Time to sit back and see how things develop. As Nextblockbuster says....if volumes start moving higher again I think it will herald another run.
Happy Victoria Day all....enjoy the two four, take that to mean the day or a case, whichever you prefer.