My thoughts as to today's price action - this boar
Post# of 72447
(Total Views: 577)
Posted On: 07/26/2021 12:33:09 PM
My thoughts as to today's price action - this board is much less likely to fall into this trap than others I follow.
I feel that a caution is warranted for those getting too ramped up for this minor move up. We have seen it before and the price gets hammered even after 4 or 5 strong days of moving up.
We are still IMO at least 3 weeks away before any possibility of human trial results being made public. Thus, those currently managing the share price will be in charge for at least that long. It would be foolish to think they are not planning a massive effort to rein in, or pull back sharply, a rising share price. Be prepared for it and do not get suckered in.
Once we get good test results and Brilacidin starts getting major media attention the volume should rise dramatically. That IMO is the telltale sign that pricing is moving up to stay. I would say volume should rise at least to 50MM/ day and early on probably triple digit MMs. Anything less I would say has a good chance of just being a head fake.
The above is based on no major positive PRs in the way of grants or word of some agreement for any indication with a BP.
August is certainly our month, I just think that it is late in the month that share price will start to reflect this and I wouldn't even be surpised if we see a push back to early Sept for major SP bump ups.
I feel that a caution is warranted for those getting too ramped up for this minor move up. We have seen it before and the price gets hammered even after 4 or 5 strong days of moving up.
We are still IMO at least 3 weeks away before any possibility of human trial results being made public. Thus, those currently managing the share price will be in charge for at least that long. It would be foolish to think they are not planning a massive effort to rein in, or pull back sharply, a rising share price. Be prepared for it and do not get suckered in.
Once we get good test results and Brilacidin starts getting major media attention the volume should rise dramatically. That IMO is the telltale sign that pricing is moving up to stay. I would say volume should rise at least to 50MM/ day and early on probably triple digit MMs. Anything less I would say has a good chance of just being a head fake.
The above is based on no major positive PRs in the way of grants or word of some agreement for any indication with a BP.
August is certainly our month, I just think that it is late in the month that share price will start to reflect this and I wouldn't even be surpised if we see a push back to early Sept for major SP bump ups.
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