Re: We didn't fall from $3 to current levels in a week....
in response to
by
posted on
Aug 28, 2015 04:06PM
Dear Ledenfrog:
This is my first post to this board. I have been silently reading all posts on Stockhouse, Investors Hub and the recent migration to Agoracom re: rvx since my initial purchase on 5/21/13 at 3.67. Since then I have built what I consider to be a substantial position in RVXCF at an average of $1.5. I am long and plan to ride this to fruition. Currently underwater, I am intrigued by your cup and handle analogy and found the following analysis of the pattern:
http://www.investopedia.com/university/charts/charts3.asp?view=print
Stronger volume would be a confirmation of this trend which should occur when betonmace trial is confirmed and dosing begins and hopefully will move us above RVXCF 52 week high of 2.49.
The 8/26/15 Life Sciences Report lays out all of the reasons I am long in this stock although all of the pitfalls of a developmental enterprise could quickly send this thing into the tank. I am deeply concerned about the lack of information re: FDA trial approval. Hopefully we are on the cusp of some very promising news and positive events and your cup and handle analogy is correct.
I thank you and the rest of the loyal posters on this board for your comments and information. My relatively short-term involvement with this stock has been fascinating and I have learned much from your diligent postings.
chicagoest