RespireRx Pharmaceuticals Inc (RSPI)

[enemem]

I think you're missing the obvious here. Nobody's touching this stock: 20K traded. Those who are holding can only sell at considerable loss, and this is because nobody's buying going into this binary event, even at these prices. When you consider the back-of-the-envelope valuation calculations that zebra04 put up a while back, and plug in some of our estimates of a positive outcome (me at 0.6, neuro at 0.7), this stock looks like a pretty good deal. Insofar as anybody is doing these calculations, I'd say that the market is displaying considerably more pessimism about the outcome of this trial than this board.

My sense is that this glassy calm leading into a binary event is unusual, and almost never happens if there is even guarded optimism. On the flip side, at least there's no evidence of stock manipulation going on, given the many more lucrative targets available now.