I do love when people call a Coy rubbish then disclose they hold - low risk tolerance maybe?
Whole market has been sold off this week and NYR has been holding 28.5c support for months, was only going to take one impatient holder to push down through the support, it is so thinly traded.
One needs patience in biotech land while holding out for results (i.e. limited news flow short term).
As a long term holder I don't care about todays price action, or next weeks. TBH, bring me 20c so I can double my holding.
All I can think of with this is, using the same study that originally indicated Atorvastatin (Lipitor) Efficacy and Safety, NYR has identified a superior compound.... DYOR....
Anyway, starting to sound like a broken record on the buy side so ill shut my trap now.
GLTAH.
(20min delay)