RespireRx Pharmaceuticals Inc (RSPI)

[Market_Fest4]

Dar,
Depends on your timeframe. During the Summer, my guess would be a nice open at high 3s-low 4s. Backing and filling on very high volume. Then a daily pattern of higher highs for about a week. Maybe a pullback around $5. More accumulation. News/rumors/anticipation and media coverage could cause another couple of bucks higher.

If the news front dries up and the stock is comfortably above $5, CORs pattern is to slowly drift lower. If it gets to the 7/8 range during the second wave, low $5s will be support it will rally off of. I could see a trading range $5-7 for the Summer.

I do believe there will be a favorable deal in the Fall. It will be a surprise and pop to the $10-12 range.

If you're trading these moves, you might want to hold a core position and trade some float. But, if you buy it and forget about it, you will probably do well. I am waiting for options to trade again, which is what I'll be trading.
MF4