megimite, why would I remove it from my watchlist if I'm looking to re-enter? PRR is an extreme high risk/high reward stock in my humble opinion, and I have a certain entry point I'm targeting before I feel that risk is justified (especially in these conditions). If CVac returns with less-than-satisfactory trial results, then I don't even want to THINK about the ensuing carnage that'll occur to the share price. The current resistance levels are holding in anticipation that CVac is hot. If that's wiped off, then what's stopping PRR from trading sub 2c?
On the flipside, if it succeeds then I'm sure the cheerleaders have made it clear that PRR will be a huge success, provided we learn from DNDN's mistakes and we administrate and market CVac properly. Again, given this upside and the downside should CVac fail, we all need to do some rough calculations as to what level of risk/reward we're comfortable with. I feel that an 8c entry is justified. That is just my opinion. If you bought in at 32c and are happy with the risk/reward balance then that's absolutely fine.
This is a "discussion" forum. I would appreciate it if you could respect my right to voice my opinions freely (as long as I'm not breaching the TOU).
PRR Price at posting:
15.7¢ Sentiment: LT Buy Disclosure: Not Held
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