Re: Support at the $1.30 area holding strong....
in response to
by
posted on
Nov 18, 2017 08:57PM
The market game is incredibly difficult, which is I guess as it has to be.....I don't know a single person who has achieved significant wealth from investing/trading. If it was easy or even just reasonably difficult, then I suspect I'd know lots of people who are.
Two of the hardest things to do in my opinion....one is to hold tight when panic and selling might seem the best course, and the other is to sell when every fibre of your being wants to hold tight and buy even more.
There have been plenty of chances to do both with RVX since I got here in early 2014, and many more chances for those who've been here even longer. I'm sure everyone would like a time machine back to June of 2013 when the Assure trial missed it's primary end point. I'd go back to April 2015 and dump all my shares when the PPS touched up around $3 as DM was doing th rounds on BNN and at The Richmond Club.
But I can't help myself from believing that RVX has been undergoing accumulation for years....especially after the Assure "failure". I know some laugh at me, they figure that if someone wants 100K, 500K...even 1 million, that its just a matter of snapping them up. And maybe it is.
There's somewhere around 50 millon shares in the public float here.....and they're owned, they're not sitting on a shelf in a warehouse somewhere waiting for someone to buy them.
I just watched a stock that I own trade 50 million shares in two days....and it only has a float of 4 million. I know that MMs provide liquidity, that they're there to buy shares even if there are no buyers and to sell even if there are no sellers. So when I see 1 lot available at a certain asking price, or 10 lots of 100 lots....I know that doesn't necessarily mean there are actual sellers looking to unload that many shares.
Anyway I'm rambling....but like you tada it helps me work through my own thought process.
Even with all the communication blunders we saw over the summer and into the fall, I've been adding. Enough that if we were to get a run back to $2 or higher...enough that I'll likely lighten the load and take some $$$ off the table. But if things go the other way or even stay down around where we are now, then I'm not averse to adding even more.
I don't see another investment on my radar that has anything close to the potential that exists herre.