Re: Biotechs like Resverlogix are driven by ''projections and emotions''
posted on
Sep 10, 2015 05:24AM
No need to apologize Chicago...at least not to me. I seldom take issue with differing opinions, and never when they're presented in a thoughtful and respectful manner as your's is here.
I whole heartedly agree with one of your points in particular....the description of the volume as being anemic. In fact, one might argue that the volume would need to at least double to even qualify as anemic.
Many market participants will not touch a thinly traded stock for the simple reason of liquidty. Anyone investing a sizeable sum of cash in shares of RVX would be very right in having concerns about being able to exit should a need for cash arise....obvioulsy you can always get out, but when a stock often only trades 20 or 30 thousand....its legitimate to be concerned that selling forty or fifty thousand could tank the PPS.
As for the rest.....I view the small float as a positive, and the involvement of Eastern in particular as very bullish.
The rest of your opinion...I think you point out some negative, but very valid concerns.
Cheers and thanks for contributing.