Re: Remembering Relypsa
in response to
by
posted on
Nov 30, 2018 12:10PM
The market volumes and prices makes sense actually.
The shares are tightly held, so by default, you won't get much volumes going through. I think you will struggle to see even a 100,000 shares traded in a day. In fact, the last time # of shares traded was more than 100,000 was back on October 9. In the absence of any news, volumes will continue to languish. Incidentally, this is an excellent time to accumulate shares.
The share price is not going anywhere in a hurry. Yeah...it may bounce around, say, $3 and $4, but that is it. Only the topline data from Phase 3 results will move this baby...and move it will!
To get a sense of what I mean, just look up the chart on Amarin. It actually hit a low of $2.35...on July 31 2018...just weeks before it exploded higher! I guess some shareholders must have lost their nerve on Amarin, as the results were coming out in September...on Sept 24 to be precise. The rest, as they say, is history.
You will need some nerves to hold on to RVX...coz it can buck and toss around quite a bit from here on. Delays in results will cause all manner of heart attacks for its shareholders.
All those multi billion dreams will only come true if BETonMACE delivers. Otherwise, it will be tears all around.