RE:RE:RE:RE:RE:RE:RE:Buy....88guy88 wrote: RSI says it all at 83 or so....still over bought....but the market is irrational so your guess is as good as mine....will have to see next week.....
RSI is only 1 tool that investors(usually day traders) use to help predict where the stock may be heading.
Key words being "1 tool" and "help predict", having 83 RSI doesn't necessarily mean the stock will crash.
As it looks, Trillium is way ahead of it's competition on treatment. It's competitors are valued much much higher. Yes, it's fair to say Trillium doesn't have many sales or profits but they're on the verge of something big here.
Lets go make believe land and say the drug is sucessful and approved and they start selling in 2 weeks. The stock would skyrocket, regardless of RSI or previous sales etc etc.
I wish you all the best but, I wish you'd join our winning team. We have a bright future ahead of us. Bring a pair of sunglasses with you.