I bought a couple weeks ago at $15.25. Down over a dollar a share now after today. The market was up big today and RMTI tanked. What was the reason for the drop today and where do you think this is headed over the next 2-3 months?
Just so you can feel good about your purchase. Compare RMTI with KERX. RMTI has roughly 570M market cap and KERX has over 1B even with the recent price drop. RMTI is not a one trick pony unlike KERX. What I am getting at is that market is irrational now so take advantage. This should be trading around 25-30 bucks with its inherent potential. On the other hand, we are hitting some long term overhead resistance at around 16 bucks and the shorts are probably using that as their leverage. We need another great news to get pass that point.
market was down the day before and RMTI was up as high as 4%... dont think it means anything...as I said b4, we need the manufacturing approval news to make the leg up.. until then, this will languish in the 13-14 area...