Re: Special Meetings for RVX and Zenith are 6/30 starting at 9AM Calgary time
posted on
Jun 27, 2015 01:05PM
Stop loss trading?
I don't think that is a great idea with RVX.
Witness, the move down to the $1.90 range a few months ago and then back over $2.50 within days.
Stop losses let the pros stop your gains. They can see where you place them and can easily scoop them up and reverse the share price higher.
If you're going to use a stop loss, use a mental one IMHO.
As for RVX not being bought...they have only recently fully identified the science. I'm not sure big pharma would buy them prior to that especially with only secondary endpoints and post-hoc endpoints hit in trials.
A big part of this year has been explaining the science...the orphan news should expand on this significantly IMHO.
Bfw