LBT Chart, page-610

Fair and considered observations N. For myself, I got caught on what I'll call "the LOI conundrum". Best opinion/interpretation I could find was that an LOI to take up the FDA-approved technology was imminent..."any day". So based on a kind of FOMO, I chose to stay half in, even as the retrace accelerated.

Subsequent company updates showed that this timing was now superceded by a likelihood of going straight to a binding agreement, but not before CY17.

So as a half-in trapped bull, I'm now trying to get a handle on the consequences. Some time ago there was an argument that the SP would retreat to fill a gap at .37, which also constituted a degree of support. I'm thinking there is still some logic in that scenario, which is now more palatable as it draws relatively near. But equally a continuing drift (in the absence of news) makes sense.

Has anyone taken the opportunity to explore the possible depths of this retrace recently? If so, appreciated if you would share.