I've been holding on to 1400 shares since I bought it for $3.86. I'm a newbie when it comes to investing and although I've a solid background in science/clinical trials, it's still a mystery to me how that affects the stock price. Some companies I've observed, have their stock prices move 5 fold after a successful trial and earnings conference. But RMTI seems to be following a very different pattern. It had a decent bounce after the release of trials data but seems to have flatlined since then. Every day, it starts out around $5.10 and falls down to around $4.90 and climbs back up later in the day. Can anyone explain what would take for this stock to behave to a point where we see the prices going up to say $10?
Thanks in advance!
Some biotech run when you least expect it. I suggest you hold on to your shares atleast until September if you're a short term investor/trader and do not look at the daily price fluctuation. You might get shaken out and miss the big run. Good luck.
this will stay in the current trend it is in until the second part of the trial is reported which we should probably see by first part of sept. maybe sooner if you have been following there is a cruise1 and cruise 2, same study two parts 1 is done now waiting for 2, so phase 3 not complete until 2 is reported if 2 has consistent results with 1 then maybe you will see your gain