I would expect this to ease some of the pressure on the SP as the possible immediate cuts to healthcare spending are at least postponed, and possibly cancelled, although some uncertainty remains in the mid/long term. Am I reading this right?
Ahh yes, the Trump effect. That's certainly playing on the sector. The indecision of the repeal/replace Bill, general uncertainty, and there were some statements in "his" budget regarding withdrawal of funding from scientific research, which may also colour sentiment in general.
Being an optimist, I'm taking his influence as purely temporary as the US recovers from its temporary insanity / Russian coup.
It's quite possible the price is being affected by the Trump stalemate re the repeal of Obamacare. Long term this co -appears solid - and there's a definite upside (this isn't the AIM market after all), as indicated by the broker updates and so on. If the updates are good it may rocket. If they're bad then I doubt there is much downside from this level. Some obviously but not a huge amount.
Same here. In for a penny, in for a pound, I've bought in again to average down my position. Am hoping this activity is being perpetrated to blow the stop orders in advance of positive news. If I'm wrong, it's going to be a long haul.
From my point of view, this is still a good company with massive upside potential. It won't take much of a positive nudge to leap up, and we've already got to be close to bottom after the JP Morgan neutral reiteration. IMVHO
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