Biotech Values

[WorstLuck]

Please, you tell me why it keeps hitting new lows. I don’t know.

I have no idea what price RVNC should be at right now. I do know that they need better sales numbers and, at some point, profits. Whether or not they have the best BoTN on the market is irrelevant if they don't sell enough of it.

FWIW, I think the selling has gone a bit too far. But that doesn't mean it can't go lower. Q1 sales are probably priced in. Q2 will be interesting. Early CD sales may be informative, or not. I feel no rush to put on a position for the long term. Buying downtrends isn't what I want to do.