Biotech Values

[Biowatch]

RVNC has been a terrible stock to buy and hold.

Very few people can claim to hold it at a cost basis of $11-$14, myself included, so I agree with that statement.

I should have been greedy (or wise) and bailed completely at $36-37 when I had the chance.

I admit, I dumped 12% of my holdings when it was around $18, but that doesn’t t make me very happy about today’s action.

I don’t care how many presentations they’ll make at future investors conferences. They failed the short term, “Show me the money,” litmus test

One hopes they have enough cash on hand to carry through with future operations, as now would be a terrible time to do a secondary offering.