Cytodyn Inc (CYDY)

[JMDB]

I follow your posts almost daily. Been long for quite a long time. In a fairly big way, for me. Big is relative but I am sitting pretty at this moment, certainly.
Wondering if you think it is prudent to expand the size of my position at this moment.

What I'm thinking..

After today's selloff we see again that CYDY is detached from the broader market.
And with COVID trial results imminent I'm not sure we will see a pull back in CYDY SP.
That means every day is better than the next to buy more.
Now we're sitting at $5.
Do you think support levels that had been sitting around $3 are now locked in around $4, $4.50 or even $5ish?


I'm thinking that we might have established new levels of support also because I think much of the price bounce is due to people like us already LONG just buying more day after day since Friday. And we're NOT selling. That indicates new support levels. I definitely want to go a little further in but I'm just wondering about the timing. I dont want to average up more than I need to, even with the big picture in mind...

In that case then now is the time to buy 600 more....

Curious what your take on that is...