Welcome @NZ Trader... It's hard to be happy with a falling SP if you are already all in. However, I'm looking forward to the $26 party when RCE is involved in the $USD50b antibiotics market and the $46 party when they crack antivirals.
The market depth continues to be astonishing. Overall the ask volume outnumbers the bid volume but within the 10c range, bid volume outnumbers ask volume 3:1 or 275k on the 65c to 85c range. It has been like this for weeks. I interpret this as "plenty want in at a cheaper price".
Has anyone thought to conditional trade the announcement using a supported buy/sell? i.e. If the SP rises more than 20%, buy 1m shares at market. Or if the price falls more than 20%, sell everything! Manipulation would be a major risk to this strategy. I've seen good news sold hard before only to run higher. What I am trying to say is what is the best strategy in a falling sp with potential good news afoot if you cant be at your trading terminal the minute it is released.
RCE Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
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