GREY:ARGEF - Post by User
Comment by
Astrosmithon Jan 16, 2018 3:09pm
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Post# 27370420
RE:What is holding this back?
RE:What is holding this back? It is just consolidation after those huge volume days as we set up our new price floor. Price pressure seems to indicate that that will likely be around 0.055. It is prudent for those considering adding to their posiitons to see if we will drop any further before the next leg up.
I see no signs of this dropping below 0.055. We will see where the next news or other factor moves us from here. We will probably be +/- 0.01 from here for a couple of days to establish confidence that the SP won't be brought below 0.055 with any large volume.
Once this bottom is established, the next leg up should touch 0.075-0.085 with any future periods of daily volume >5mm shares. That may take an event to trigger so could be a few weeks away.
News for RGX tends to be somewhat monthly. I anticipate the next meaningful update in early February. If it comes sooner, all the better.
Hold tight! Youve got almost 50 million new reasons to hold at this price (all the newly held shares were purchased at or above 0.055) Those newly held shares are looking to go up from here at least 40% before they hit the market again. .