What stress?
posted on
Sep 27, 2016 06:42PM
When September started RVX was trading for less than $1.30....that was stressing, now its trading for $1.70 and has recently been up over $2 on big volume. Yeah we've given back a chunk, but we've moved down on substantially lower volume than what we traded higher on.
DM in my experience delivers...maybe not as quick as we would like, or perhaps not as quickly as he indicates, but he always delivers. He's kind of like me when I told my wife I'd dig out that lilac bush in the back yard....I got it done. Not neccessarily the day, the week or even the month that she wanted....but it got done.
We've got the 50 dma at $1.32 and moving higher and the 200 dma at $1.39 and nudging up slowly now....a golden cross is setting up. The last time the 50 dma crossed over the 200 was back in March of 2015 and we all know what happened just before and after that technical event.
Assuming it happens again things will be fundamentally different this time....we'll either have a new licensing deal that's been announced or one that is expected shortly...we'll be about 1 year into a phase 3 trial, and then there's a host of other work that's been done that wasn't even on the radar back in the spring of 2015.
Higher than $3 before the end of the year? That's my prediction, with gusts of volatility up and down expected.