agree.... After hearing about the r/s IS going to happen (unless the share price clears the min reqd price first?)
wrestled with the question of, do I sell and look to buy with an expectation that the shares face a little pressure to the downside
or
do I hold cause they release news at the same time the R/s is done to spike demand for the shares..
Bring this up, ARNA did this a year + ago. R/s from $1.40 to $14, ran out some Ph 2 trial results, hyped the heck out of the PH 3 who's design hadn't even started and the big boys/market ran it up to $40+/sh.... never dropped as some of us expected it to (some shorted, I used some PUTs which ended up worthless) because it had nothing else going for it but hype for at least 2+ years (the earliest the PH 3 would have completed)...
I am kind of wondering if this one will do something like this, and those not in.... cause that PH 1/2 trial is about to commence. I can imagine them using that and the merger benefits to pump this one up...
And I really want some of these shares for when the trials end because of how they did in the 'expanded access' program they have participated in...
I don't own any, but I am watching the chart, and IF I sense a run starting (using my trend metrics), I will likely grab some and see what happens... Was quite happy with the position I had, until I realized a R/s was forthcoming... and yeah, I am waffling, undecided... despite my current position of 'I am out'....
IF the r/s was only a 1 - 2 or 1-4, thats not too bad.... But to get to where the big boys play?? 1-10?? What to do, what to do....
