Can someone tell me if my assessment is correct.
RFL dropped from $31 to $6 after a disappointed drug test result. The stock as been worth between $22 and $63 this year. Would it not be worth speculating in it now, as people don't usually easily give up shares that were worth so much for so long, and it will probably rebound somewhat (even if it dips lower first)?
Remember, I'm new to this game, so don't all beat me at once.