Re: Seeming lack of interest
in response to
by
posted on
Sep 11, 2019 06:52PM
I can think of a number of possibilities to explain why the stock price is so low right now:
a) the drug is viewed as too good to be true therefore a severe discount is applied
b) perhaps too few know of RVX, and of those that do all of them have taken on as big a position as they can justify (I know I have)
c) perhaps many loaded up huge earlier in the year, expecting the stock price to ramp into top line and had planned all along to lighten up their position before top line (that was my plan except I’m stubborn and will not sell at these prices)
In my opinion it is clear from trading patterns the last couple of months that there is a willingness in the market to sell RVX above $2.70 or so. The short interest has been stable so it must be longs that are selling. Who? I don’t know. Frustrating as hell...