Monday, August 12, 2019 10:24:38 AM
I don't expect RVX to trade in lock step with the way AMRN did at this time last year ahead of their Sept 24/2018 release of trial results....but at the same time I think its worth while to look at how AMRN traded as a benchmark...
This time last year AMRN was trading for about $2.90....and by Aug 15/16/17 it had moved up in and around the $3 area. By August 24 though it had fallen all the way back to $2.70....that's when a decent rally started, when Sept rolled around it was up around $3.30...but even that rally didn't last, by Sept 18th the PPS had fallen all the way back down to $2.65 again....using 20/20 hindsight that was the last big buying opportunity dip.
Based on how AMRN traded I'm thinking its reasonable to expect the same kind of volatility with RVX...not a carbon copy, but something along those lines.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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