Replies to post #24941 on RespireRx Pharmaceuticals Inc (RSPI)

[asuhowe]

least we not forget.. this stock trades around $25K a day ..
there are no such things as inflexion points on a stock this thinly traded.. Any movement due to someone taking profits or averaging down are just a drop in the ocean compared to an actual event.. The historical technical data on this stock has such a low P value it's mindblowing..

I know I bash TA all the time.. but hear me out here for I finally know why it bothers me so much in regard to COR..

For me, and most other long term folks on this board, the 60,000 or so shares traded per day isn't liquid enough to get out without severly tanking the stock .. I myself had to let go 50K shares several months ago, which was 40% of that day's trading, and I sunk the stock 25%! It never recovered from that fall, and just kept moving from there..

So, the day in day out movements are meaningless in the long term ... the only way anyone of us can get out at the "price of the day" is on a day with massive volume.. 1M+ or more..
For now if we want out, we either wait for a buyout, wait for some news and the accompanying volume, or tank the stock and get out at a massive % discount ...

With that said, a meaningful movement in the stock will make all of these support points and resistance points completely insignificant (The movement from significant news will increase volume so high, that all data points are worthless .. the playing field will change too dramatically).. so, they are in essense, completely meaningless observations on all fronts in the meantime..

A true data point or TA observation is only worth something if one can act upon it.. since folks on this board have not and cannot acted upon these observations (with any success to date), they are meaningless, and hence, the reason why they are so annoying.. Especially when the predictions have been wrong 99% of the time (another annoying, well more like, pathetic observation)

Hmmmmm.. why do I feel (even though I know that I gave a novice analysis) that's it's more actual insight and real world scenario of the true nature of COR (my TA if you will) than Jerry has ever provided this board..

Any moron can look at a chart and tell us what happened yesterday!

I know some of you will just think I'm bashing Jerry and TA.. other will actually understand I am correct on this point, and always have been .. if you disagree, read the post again, then read the dozens of Jerry TA posts.. the truth hurts.. I am completely correct with my assessment and Jerry has been worng over and over again..

Cheers everybody!

First bit good news and 1M+ volume day, I'm outta here ..

[bladerunner1717]

Has COR been halted? No activity on my various screens.


Bladerunner