RespireRx Pharmaceuticals Inc (RSPI)

[drfreely]

I'm more confident now that I made the right decision to bail on CORX several months ago at a penny per share loss following the lack of market response to SA data's belated release. I do think the CORX pipeline will be acquired in time, but at a much lower S.P. I'm waiting to see what the terms of the next financing will be before considering another try at this gentleman. My guess is that it will be enough money to allow them to continue to shop S.A. and R.D. for another six to ten months. If, at that juncture they are unable to find a home for those indications, I'll consider re-entering CORX, since at that point all avenues of escape will have been exhausted, and we'll be looking at a S.P. well below .10 share. As I've said before, I'm a trader who looks to maximize profits and minimize losses. It looks like for right now, we're going to grind down further before we get an opportunity for some profit. Therefore, the sidelines seem a comfortable place to reside. Good luck to all.