RespireRx Pharmaceuticals Inc (RSPI)

[drfreely]

It warms my heart to hear of a man locking in profits on a biotech transaction. Gives me hope.
I too have been in and out of COR/CORX over the years, unfortunately never profiting, but never getting wiped out due to stops.
I got back in this summer for two reasons:
1. I believed management had already made every conceivable mistake, and had the ability and time (provided by the Samyang money) to learn from at least one or two of them.
2. I believed most of the damage to the SP had already been done, and that the 20 person trail would be completed by the fall, and I could either bank a small profit, or lick my wounds and move on.
Didn't count on the delay in SA data that must surely have been subjected to every form of data set analysis available by now.
If they do have good results from SA and the Parkinson's animal trial and the share price reaches my target level (the high twenties where it runs into the options overhang), I will sell and wait for another pull back in S.P.