I am holding RLYP but I have to think the sector downtrend is not helping this stock. Bios/pharmas are totally out of favor and have been for awhile thanks to Hilary Clinton and probably will be this way until at least the election is over…..of course there is always the chance RLYP will move up based on news…updates….buyout rumors…..etc.
But from my view all signs point to RLYP should be up from here.
Really no rhyme or reason to it other than shorts being in control. I am still of the opinion that it's MS and Bernes, as we all know hired by AZN, are there to keep it down as AZN knew they f'ed up. Maybe not even that but just to push RLYP out of the way as a competitor. Regardless the price doesn't lie as it's being held under water till it drowns under it's own weight of being to cash burn heavy. Fundamentally nothing is wrong other than the cash burn. Every single pice of good news is shorted. The wedge is going to have to resolve at some point...
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