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Hi Nick, I am a little bit concerned by the number of people telling you that you will not lose money on this stock. The truth is, unless they have inside information, nobody can tell you with any level of certainty what will happen. This share is incredibly volatile. Volatility=risk. It also equals opportunity. It could be that the company announces tomorrow (or some day soon) that they have FDA approval and record orders, in which case, the share price will explode upwards. Alternatively, they could also announce that the FDA has not approved their test, and the share price will plummet. This is a casino.
My advice. Only invest money you can afford to lose. No amount of returns are worth stress and sleepless nights.
Ok lesson learned I have been watching these shares since last Monday thought I’d have a dabble might work out ok and the extra cash if it goes well can help pay for the holiday I booked the week before to Sardinia be able to take some test kits with us
Don't worry Nick. I did the same thing this morning with £10000. This share swings up and down. hold and be bold. It will go down and up.....when you play around with these shares this can happen. But be patient...don't sell due to panic. There will be derampers and trolls on these forums, but don't listen to them. Do you own research and make your own decisions.
Nick, not a bad day if you have learned from it could be £420 well spent.
The markets have been hammered and many people will be tens of thousands down today - these things happen in the world of investing.
"1st time buyer bought first thing this morning 1.76 school boy error genuine thoughts about tomorrow’s prices 1k in ??"
Nick, don't take this the wrong way (because certainly not my intention and I don't know your background), if a grand is a lot to you or a considered amount, I would still advocate trading / investing but I would stick to less volatile shares, taking a look at the charts you cans see ridiculous large swings, and if a considered amount your stress levels will take a pounding.
That said 1.76, you'll likely be fine with this one.
Nick read this
The Company continues to see a high conversion rate from quotations to orders. However, it is difficult to predict how demand for the test will grow as the epidemic is still in its early stages. Since the initial reports of COVID-19, the Company has invested in manufacturing capacity to meet the current and potential future demand for its tests.
The Primerdesign test is being formally evaluated by public health authorities from five countries and the Company is in discussions with these organisations to potentially support their national screening requirements for COVID-19.
All it takes is for a few of those countries to buy our tests and this price won't be sat here.
I think you will be looking nearer £4
My average is 98p
Hold nick. Don’t panic you will be rewarded once a few rns land
Nick this has just started no one knows how bad it will get or how many tests they will sell hopefully get an update soon.
Thanks for the advice 420 down bad day for a novice fingers crossed for tomorrow
Just hold nick
Just wait until the next rns lands and you'll make some money
1st time buyer bought first thing this morning 1.76 school boy error genuine thoughts about tomorrow’s prices 1k in ??
It’s a stalemate, less shares on market creating a vacuum both ways
Disappointing day. Just doesn’t seem to be able to hold. Thank god they pushed us up at open. Hopefully can get over £1.50 tomorrow and actually hold. No news and no going to infinity and beyond.
Rise coming in now...fun morning ahead tomorrow again