I plan to ride the storm out too. I look at the big picture and this price doesn't justify the value. Couple that with it all being in registered accounts and not being able to take a loss I might as well leave it and see what happens.
But my point is no one remembers the Ranexa PR because it was never done. We found it in a quarterly report and it wasn't even a special mention. It was just another one in the list we picked up on. Submitting a drug for approval is Material news to me.
So while its all nice and dandy to speculate what first financial may or may not be doing. I'm of the belief that Oddi isn't doing anything to benefit us because the most simple thing he could do is give some sort of guidance right now.
FWIW I anticipate we're going to see a few more of these pops above a dollar and back down in the near future. I added a few on the TSX at $1.18 cad. Not many by no means. But I'm going to try my luck at trading the swings with this small position as a means to bring down my average. I feel like we're near bottom in this .85 - .95 range. There seem to be someone swooping in at .85 which caused a bunch of the shorts to cover. So I don't think they're willing to risk shorting it past that. Probably will cost them to much.
Good luck to you.
PS you still have to come out and meet Triumph and I for a beer this summer.
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