long term holder.
imo:
There's absolutely no edge in buying right now unless you want to invest in RXL for the super long term. Also a reminder that it is a 35% risk to the lows of Feb at todays price.
Price has to pivot above July highs first to have any chance of moving higher (obviously).
It was hopeful to see RXL as a temporary leading momentum stock between march/may but has become an extreme laggard,
let's hope we get lucky and get some unexpected news that'll spark demand again (eg. 12nd March).
We know RXL can make huge runs, so there is a tendency for it to perform that way again some time in the future, unfortunately no one knows when that will be until after it's happened.
The chances will be better if the price moves above April highs.
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