have no idea where its going to bottom out at.
Have seen it too many times where it gets what I call an 'over enthusiastic' share price based on 'what MIGHT happen'...
and then the long slog to make that happen commences and the price slowly erodes in the face of no meaningful PR for long periods of time.
So I have no idea where this will land... And I have no idea when I will start taking a position...
I have 2 right now, one that I started actively trading after it wrapped up its PH 2 and the price slid down to sub 25 cents. Its now half way thru its PH 3 and i am finally in the 'buy and hold' approach to the PH 3 readout for I like the odds of success based on what it did in the PH 2 and interim readout from the PH 3 half enrollment point. Note, its not a 'sexy' development, but it has a niche need so my expectations aren't 'high' either.
and have another one that had a great PH 2, but was 'unloved' so got that one at 20 cents and rising... now at $1.17 ($6.67) (before it did a 1-5 r/split for a necessary reason, timing was lousy tho) and its on the way to FDA approval
So I love to find something that pulls back hard before I take a long haul position.. And on this one, I am a wondering just how long the trials will be, and whether or not they will need a PH 3 at all if the PH 2 can be robust enough to meet a PH 3 criteria. After all this stuff either works or not, you aren't going to miss knowing..
