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Message: Is everyone ready for another run?

We are at or very close to the point where I am expecting (opinion only) RVX to pivot and start moving higher. With a close of $1.51 we're at the bottom end of what I opined would be the bottom end of a $1.50 - $1.70 range for a reversal. With that being said, Koo's recent comments about a drop back to the 200 dma have some merit in my opinion. The 200 dma is sitting a bit lower at $1.44 currently and climbing. My own take on things is that if we do drop to that level...that it will be very short lived.

Assuming things play out as I'm hoping/expecting, the question then becomes what happens on a run. We're about 50% below the $3 area we hit in March, that's a precipitous drop. Those that have held and/or added during the fall....it will be tempting to sell if/when the PPS starts recovering. After all, the finish line is still far off in the distance and it would be reasonable to expect more tips and dips as they move through the phase III trial....even if they're successful in bringing RVX-208 to market, more pops and drops will likely happen.

The fear for retail investors of course is that they sell after a big run, with the intention of buying back in on a pullback....and the pullback doesn't come.

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