Replies to post #3119 on Revance Therapeutics Inc (RVNC)

[vinmantoo]

On your last buy post - didn't want to be smartest guy in room, but your buying more based on logic of it's down so much a bottom must be close, to be worrisome. The 50 day and 200 day averages have been obliterated in impressive fashion, (big deal to traders, which makes things worse short term), suggesting more short term downside risk.

My comment is more about a series of stories from competitors where they lie that all RVNC has done is increase the dosage of toxins. Now we get a claim(s) that RVNC is supposedly lying about longer duration effects even though published studies support their claims. I am older and wiser, or is it more cynical, now to not rule out the possibility that people are being paid to spread doubts.

I never buy simply because something is down so a bottom must be close. I learned that the hard way. I buy something that has gone down because I think it is unwarranted. I also learned not to rush in because I can never tell when the bottom really is so I buy small amounts over time. If RVNC drops another $1 then I will buy another aliquot. I used that philosophy to boost my holdings in IMGN earlier this year, and in ENTA the past year as well. I now own more shares of all three than I ever have. I sure don't want them to drop more to give me more "buying opportunities" but if they do drop I will evaluate again and ask why they dropped before acting.

Good luck to both of us on our RVNC investment!