Replies to post #251599 on Biotech Values

[WorstLuck]

Please, you tell me why it keeps hitting new lows. I don’t know.

I have no idea what price RVNC should be at right now. I do know that they need better sales numbers and, at some point, profits. Whether or not they have the best BoTN on the market is irrelevant if they don't sell enough of it.

FWIW, I think the selling has gone a bit too far. But that doesn't mean it can't go lower. Q1 sales are probably priced in. Q2 will be interesting. Early CD sales may be informative, or not. I feel no rush to put on a position for the long term. Buying downtrends isn't what I want to do.

[vinmantoo]

No, but this one seems to be. Please, you tell me why it keeps hitting new lows. I don’t know.

Obviously more people are selling than buying, as well as substantial short positions driving the price down. There is an average of 2.6 million shares traded per day, and with the price at $3.30 that comes to less than $10 million per day, making it an easy stock to manipulate. Is it going on now? How the hell would I know?

Do you own RVNC? I try not to figure out the motives of the market because you can't. Obviously I would prefer the stock be much higher but I have been able to do some tax loss selling then buying back to increase my shares. Making lemonade out of lemons if you will. I will likely do the same later in the year.

[jbog]

Biowatch

Please, you tell me why it keeps hitting new lows

Wall Street knows what's going on. I'm sure they have channel checks to evaluate sales. Take a look and the following analysis for a clue, not only are loss estimates increasing but they are increasing with with more shares on the market.

https://finance.yahoo.com/quote/RVNC/analysis