Its one thing to speculate when the PPS is drifting....
posted on
Sep 21, 2016 04:15AM
Stocks are all about speculation. If you speculate good things are coming that will push the PPS higher, you hold on and/or buy, and if you think you see a black swan lurking you can sell or sell short....
But some participants seem to get their knickers in a knot whenever the board gets too speculative about bullish possibilities. And up until just recently they could point to the PPS and say, (quite rightfully too): "Yeah yeah....you guys keep pumping your theories and garbage about the chart, but the PPS keeps drifting lower, if something good is coming why aren't buyers stepping up".
That was true...up until about Sept 9th when we hit an inter-day low of $1.19. NowRVX seems to have borrowed from Toby Keith's songbook..."How Do Ya Like Me Now"???
Now that buyers are stepping in and pushing the PPS higher and higher day after day on heavier than normal volume....about 3x heavier....Is it now okay to speculate on what might be the reason for the increased trading and higher share price?
Of course I know that all it'll take is a 5 penny pull back on 10,000 shares trading one day for the grumpy gusses to start complaining....so pardon me, I'm gonna enjoy this until that happens.
I do think something is coming....and I am hoping that its because DM is working on a deal with big pharma. I would not be upset is a Pfizer, Teva of any other major player came knocking with an offer of a few billion $USD.