Replies to post #249470 on Biotech Values

[WorstLuck]

RVNC

... sentiment indicator. Getting closer.

There is still more tax loss selling this month ...

Getting more interesting from a tactical perspective. Short interest is still high but falling. There appears to be some more covering around the 8 dollar level. Q call coming soon enough that anyone who has a view that something positive will come out of the call can look at taking a shot around current levels ($8 +/-). Also, while I'm still cautious on the broad market, there are reasons to look for some kind of a bounce to start in the next couple weeks and potentially last into next year. There is some important data to look at between now and the 1st Nov, so waiting on that is another consideration (for me). GL

[WorstLuck]

RVNC

Me, I'd rather wait on sales north of 25M in consecutive Q's even if it means buying at a higher price (and it might not.)

The parenthetical was only half-serious. Still waiting. Curious to see what happens from here. GL