RespireRx Pharmaceuticals Inc (RSPI)

[bigworld]

MF: You got that right. Management ought to resign and run for political office. Then they could talk, talk, talk forever and accomplish the same thing they've accomplished with COR so far....NOTHING. Most disappointing stock I've ever had the displeasure of owning. But it will serve a purpose....to offset my gains if the late summer rally develops like I think it will. We need a 80-100 point drop in the S&P, with maybe a day with the Dow down 400 points or so. That will shed the strict chartists and the uncommitted and will set the stage for a monster rally into the fall. Gold price have preceded the market moves this yeat so far. Gold's current weakness will only be temporary, but I think it means the overall market will follow suite and head lower in early July. The sideways action we've seen in June needs to breakout to the downdside so the volatility indexes (VIX and VXO) go back to @ 40 (or above). Their current readings are too low to create that "wall of worry" needed to set the table for the rally. But I think it'll happen. I think the next 2 weeks will be interesting, but it's just noise. We're heading upward after the consolidation.