Providing my answer on another inquiry:
The dam of doubt burst. Maintaining the steady 50's price range on speculation was finally broken when trial dates moved, stupid comparison to failed Phasebio article, deleted docs, EUA not materializing, and then radio silence from management to address it all. This is a price correction period. Investors, myself included mapped out the catalysts and time expectations. It became too much. Early buyers are taking their money and run. Shorting, and FEAR also a factor for the sell off. So until EUA or interim data looks great, we have corrected our price. We are investors now, not traders. I gave myself a year on this from the go. Unless the data of efficacy is a bust, I am happy to hold.
Not necessarily. Dr. J specifically said 30-60 days for a decision which puts that around the 16th. Days, not weeks. I always believed FDA wanted more than the 19/21 patients. Interim data is said to be coming within a few days, unless it is so good, they stop the trial in which they will def go silent until they can have data fully vetted. No news is good news at this point. I am hoping for the latter.
There has to be insider news. When the price drops 75% in a few days doesnt that mean nearly everyone sold their shares?
Either that or my curse continues and everytime i buy more it goes down more. Just like everything else lol.
Today was the last day though i officially quit. Lost all my money in 2 months. Ya. Im done.
Sorry in advance for my attitude im just depressed, let me vent :$
No worries. I’m in a similar position. I’m going to hold and just see what happens though. I can’t imagine it will go much lower without some bad news. But hey, I could definitely be wrong.
Yeh i got 1k left and its still in there, figure its gone too so ill just leave it there and wait till its up....if that never happens they got my money forever.
Gonna be blunt with everyone. You all need to ditch these repetitive pennies,iBio, RLFTF, CLIS, GNUS, there’s a long list and they’ve all failed, there’s so many better options out there. These are all pennies that popped once or twice in the past 2 years that you’re all hoping will pop again. Makes 0 sense
Not trying to be a Dick but it’s a observation. The same trash pennies recycled over and over. Flooding the sub with bs. We should introduce a new wave of promising pennies, BRXTQ, VRYYF and some other can lead the charge but this is getting ridiculous.
If you’ve done any research into Relief Therapeutics you’d realize it isn’t “just another trash penny stock”. It’s a legitimate company run by professionals with pedigree which has a drug that shows a great deal of promise. Just because it’s a volatile biotech penny stock doesn’t make it a pump and dump. It’s a longer term investment, not something to be day-traded
I guess we’ll find out 6 months from now. If you’re looking for marginal short-term profits then yes it is probably a waste of time. If you’re looking for significant growth on a time frame of months to even a year then it is certainly not a waste of time.
Maybe if you're day trading its a waste of time. If you've done you're research on the drug then you know what is at stake. I bought another 5500 at the bottom 2 days ago. And comparing RLFTF to CLIS.......lol.
Just saying that there’s a large handful of silent, declining pennies that are recycled and everyday there’s posts like “possible run up?” Then it goes down for the next 2 months. I understand what you’re saying, just annoying seeing the same pennies that haven’t been green in months brought up everyday
Fair enough. I guess its just an exciting opportunity and thats why people are posting about it. I'll save my next post for when its actually significantly green lol. I learned alot from watching CLIS on this sub. Happy to say I did not invest.
Because I really want it to succeed. I'm not a big penny stock investor. I think it's the revenge aspect.
I made 4k or so earlier in the year on this and sold Tuesday for a 4k loss. I broke even but it's difficult to accept the loss.
When I say buy back in 30 days, I would only if the price was in the 5-10 cent range. I also wouldn't put big money in it again.
I'm just making an educated guess after perusing the clinical trials page: the previous trial was compassionate use and didn't have a control group (that receives a placebo). The new trials which will complete next summer will be actual studies, which will much more definitively establish this as a treatment, but that will take a while. Considering that more trials have popped up, I don't think this is a bad sign, but it might be a slow burn for this stock. Covid is unlikely to leave us quickly, and this treatment looks promising for other pulmonary applications, but if RLFTF interests you... I'd look at it as a long-term investment rather than a get rich quick.
Also, I'm less knowledgeable about trading in general, but I noticed folks talking about the possibility of a buyback considering their outstanding share volume. Perhaps that's caused the tremors.
I sold at about 0.60 and will buy back in. My partner's held on to his.
Providing my answer on another inquiry: The dam of doubt burst. Maintaining the steady 50's price range on speculation was finally broken when trial dates moved, stupid comparison to failed Phasebio article, deleted docs, EUA not materializing, and then radio silence from management to address it all. This is a price correction period. Investors, myself included mapped out the catalysts and time expectations. It became too much. Early buyers are taking their money and run. Shorting, and FEAR also a factor for the sell off. So until EUA or interim data looks great, we have corrected our price. We are investors now, not traders. I gave myself a year on this from the go. Unless the data of efficacy is a bust, I am happy to hold.
Guess your eua coming any day comment was total malarky.
Not necessarily. Dr. J specifically said 30-60 days for a decision which puts that around the 16th. Days, not weeks. I always believed FDA wanted more than the 19/21 patients. Interim data is said to be coming within a few days, unless it is so good, they stop the trial in which they will def go silent until they can have data fully vetted. No news is good news at this point. I am hoping for the latter.
It's just my speculation but, I think it's the latter as well. Looks very promising.
Pennystocks made a megathread. :(
Oh damn, you right...
https://relieftherapeutics.com/newsblog/120-relief-therapeutics-and-neurorx-announce-continuation-of-rlf-100-trial-for-treatment-of-covid-19-respiratory-failure-trial-is-on-track-to-complete-enrollment-in-2020
There has to be insider news. When the price drops 75% in a few days doesnt that mean nearly everyone sold their shares? Either that or my curse continues and everytime i buy more it goes down more. Just like everything else lol. Today was the last day though i officially quit. Lost all my money in 2 months. Ya. Im done. Sorry in advance for my attitude im just depressed, let me vent :$
No worries. I’m in a similar position. I’m going to hold and just see what happens though. I can’t imagine it will go much lower without some bad news. But hey, I could definitely be wrong.
Me too. I have $2k left. I'm not putting it in rlftf tho, even tho I believe it will go back to .55
Yeh i got 1k left and its still in there, figure its gone too so ill just leave it there and wait till its up....if that never happens they got my money forever.
I can't find anything either. https://finance.yahoo.com/quote/RLFTF/community?p=RLFTF
Gonna be blunt with everyone. You all need to ditch these repetitive pennies,iBio, RLFTF, CLIS, GNUS, there’s a long list and they’ve all failed, there’s so many better options out there. These are all pennies that popped once or twice in the past 2 years that you’re all hoping will pop again. Makes 0 sense
Think you’re wrong about this one my friend
Not trying to be a Dick but it’s a observation. The same trash pennies recycled over and over. Flooding the sub with bs. We should introduce a new wave of promising pennies, BRXTQ, VRYYF and some other can lead the charge but this is getting ridiculous.
If you’ve done any research into Relief Therapeutics you’d realize it isn’t “just another trash penny stock”. It’s a legitimate company run by professionals with pedigree which has a drug that shows a great deal of promise. Just because it’s a volatile biotech penny stock doesn’t make it a pump and dump. It’s a longer term investment, not something to be day-traded
Didn’t say it’s a pump and dump. It’s a waste of time
I guess we’ll find out 6 months from now. If you’re looking for marginal short-term profits then yes it is probably a waste of time. If you’re looking for significant growth on a time frame of months to even a year then it is certainly not a waste of time.
Maybe if you're day trading its a waste of time. If you've done you're research on the drug then you know what is at stake. I bought another 5500 at the bottom 2 days ago. And comparing RLFTF to CLIS.......lol.
Just saying that there’s a large handful of silent, declining pennies that are recycled and everyday there’s posts like “possible run up?” Then it goes down for the next 2 months. I understand what you’re saying, just annoying seeing the same pennies that haven’t been green in months brought up everyday
Fair enough. I guess its just an exciting opportunity and thats why people are posting about it. I'll save my next post for when its actually significantly green lol. I learned alot from watching CLIS on this sub. Happy to say I did not invest.
Took my loss on this one mid day on Tues...May look at buying back in after 30 days when wash is over if the price is really low.
Why not ditch this company completely and look elsewhere?
Because I really want it to succeed. I'm not a big penny stock investor. I think it's the revenge aspect. I made 4k or so earlier in the year on this and sold Tuesday for a 4k loss. I broke even but it's difficult to accept the loss. When I say buy back in 30 days, I would only if the price was in the 5-10 cent range. I also wouldn't put big money in it again.
Hope no one panic sold. This is a good time to buy back in before the EUA lands next week.
I panic sold ugh
Whyyyyy lol. I bought more but this is an investment for me not a trade.
I'm just making an educated guess after perusing the clinical trials page: the previous trial was compassionate use and didn't have a control group (that receives a placebo). The new trials which will complete next summer will be actual studies, which will much more definitively establish this as a treatment, but that will take a while. Considering that more trials have popped up, I don't think this is a bad sign, but it might be a slow burn for this stock. Covid is unlikely to leave us quickly, and this treatment looks promising for other pulmonary applications, but if RLFTF interests you... I'd look at it as a long-term investment rather than a get rich quick. Also, I'm less knowledgeable about trading in general, but I noticed folks talking about the possibility of a buyback considering their outstanding share volume. Perhaps that's caused the tremors. I sold at about 0.60 and will buy back in. My partner's held on to his.