so, just curious - is anyone buying right now? i've been continuing to buy the past few weeks / months - and it feels like a lonely game. i've talked to my friends - and encouraged them to hold and ideally add to their position. they're pretty much all doing the former - but none are doing the latter. and not pushing nor judging them - the last year has been bruising for longs, and i get it that people are worn out.

my point is that we're in a weird spot, where there are just no buyers - and no tangible motivation for new buyers to come in. i can't figure out what the catalyst is that brings in buyers (and hence breaks the SP cycle). i'd like to believe it's starting the Brazil trial - but i don't think that's it. mainly, because it's simply starting the clock on a new trial - leading to results we hope (but don't know for sure) that will be great in a few months. my belief is that after the FDA letter, etc. - the bar has risen to the point where only a massive event changes the game here. that would be an approval or a big partnership that leads to imminent significant revenue. a trail being approved, started, a new publication in Life magazine, etc. - doesn't cut it at this point.

to be clear, i'll be incredibly pumped to hear about the first injection in Brazil. to me, that means we're almost home - and i have high confidence we hit our P-values there. really hoping to see that PR any day now.