Relief Therapeutics Holding AG (RLFTF)

[pigsheaven]

I watched the movement of this stock on the Swiss stock market. The stock opened at .80 and immediately after it opened many holders sold the stock. It went down to .51. As the day moved on, the stock continued to move up to .716. This means that even after the drop from profit taking, the stock clawed its way back up. It appears people all over Europe have gotten wind of this stock as the volume was enormous (150 million) matching some of the heaviest days in the OTC market here at home.

This stock is very resilient. Even after the big sell off in the early morning, more buyers came in as the day wore on.

As for the market action in the US, this was Friday. I would call it “Freaky Friday” or “Consolidation Friday!” The stock wanted to move up but every time buyers put in a buy it was countered with a huge block of shares by selected MM’s on the ask. This happened repeatedly and the stock was prevented from moving up. This coupled with the fact that it was a low trading day I believe caused it to drop into the .62 range.

I expect on Monday it will rebound on the European Market as European buyers come in to snap up the shares. I am fairly certain when the market opens on Monday morning, it will gap up and go well beyond the Thursday closing price of .80.

After watching the action in Europe, and the actions of the MM’s, I believe this stock has a lot more room to grow! I am long on this stock!