I've got a better idea, how about we prepare for both outcomes?
If they announce the milestones before June 30th, hip hip hooray for us. Drink a beer.
If they don't, then that presents an opportunity to buy shares if traders decide to take us for a ride (south). I am prepared to add 10% to my position on a correction. How deep will such a correction be? I have no idea. The last one stopped going down around $1.10 in January. So, maybe somewhere between $1.10 and $1.40.
What about timing? I am assuming that if June 30th passes with no announcement, that they will make it sometime in July. So, since my broker charges per share fees, it doesn't matter how many transactions I break it into.
Starting July 1, I will start buying 500 shares a day until the announcement comes through, or the month of July ends, whichever comes first. July has 23 trading days in it, so at $1.40/share my max outlay is $16,100. (500 x $1.40 x 23).
please discuss.
