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Anyone have thoughts on correction price?

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dr_airtime   Monday, 06/04/18 02:10:48 PM
Re: TheMonolith post# 358
Post # of 409 
Anyone have thoughts on correction price?

I sold in mid 4's earlier in 2017 and missed the first run to $7. I literally had my buy orders in for the week to buy back my original Covalon in the 3's and then the latest PR dropped. Tried to buy in 5's right away that morning if I recall but no luck.

Thoughts on where I should try to pick back up within the next couple weeks from more technically oriented biotech traders? Maybe COV will correct to low 6's? 6.10 would be a 33% fib retracement of the big news per below for example.

Market cap here is only CAD 150mm so tons of upside. I'm not going to be too picky here. Lesson learned: pay the ask in the first hour the news dropped. I tried to underbid by .05 or .10 unfortunately. They news was huge....



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