Struggles to be expected if we're heading to huge gains....
in response to
by
posted on
Apr 24, 2019 10:17AM
We've seen how AMRN traded ahead of its explosion....and then BAM, it went from less than $3 to over $20 almost overnight. That's one path....I've seen it with other Biotechs too, Relypsa is another example....flat or downward movement before a big announcement, and then multi bagger gains in a matter of just days.
That's one way up.....another is the ladder approach, where big gains (but not 100%+) are made and then are followed by periods of consolidation. Since June of last year RVX has more than tripled its share price, but it hasn't been a straight line up....
Day traders might want to try and jump in here if more robust volumes can be maintained....but I don't think we have anyone here looking to play the rips and dips. I think most here are 'in it to win it' and are willing to take the risk that comes with waiting out BETonMACE results..