Relief Therapeutics Holding AG (RLFTF)

[cybermich]

Excellent summary of the day's trading..

let me just add (and I have seen this many times with other small biotechs)..

we OBVIOUSLY have our fair share of "traders" in the stock and folks who have been here longer than a week have watched this stock have significant swings between support and resistance..

Most people (even if they aren't into charts) have a basic knowledge that rlftf broke above some kind of resistance.. and was moving above it..

THEN when the CEO put a soft "date" on the next significant news..

it was an obvious play by the traders to take profits because they KNEW they would have time to get back in at a later date.

Again, I have seen this happen again and again where CEOs put soft or hard dates on their next move (not particularly blaming the CEO) but it is what it is.

I think that.. and the humble "tone" talking about all the possibilities both good and bad, juxtaposed to the extreme optimism and anticipation of a bombshell coming..

it was indeed the perfect set up for a temporary fall.

jmo