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Message: Re: Short interest drops another 18,827 shares

We have moved higher every day this week, on a closing basis.  The market is now gunning for $1.40-1.43.  Above that, there is no resistance before $2.10, which was where the stock price collapsed on Sept 30 2019.   

The market action suggests some lingering issues in the market's mind, on how the company's cash burn is being financed.  But with every move away from $1.33, the fear of equity issuance gets replaced by greed from thinking that the financing has somehow been arranged and blue skies beckon.  

At some point, the balance sheet issue has to be confronted by RVX.  Till that issue is convincingly settled, I don't think we can make a move significantly higher.


Feb 06, 2020 09:17AM
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