The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Miggy ,
A basket is a basket until it’s been tried and tested ...
It’s only after a long period of time that one knows if it’s a good basket or not :-)
With science , it’s the same principle :-)
Nolupus,
Funny thing is you are right:) You shouldn't go all in. Ive had pretty good success at punting for over twenty years and would never go all in on that discipline. Yet with the share here I did. I do remember reading Warren B saying it is ok to have all your eggs in one basket if its a good basket!.
Only other thing I would say is that aggression can be a good thing if chanelled in the right way. 'Controlled aggression' i suppose would be the aim in certain situations.
Miggy,
I understand now why you were a bit ´agressive ´ In the lead up to the Hospital readout :-)
No matter how much research we do on any share , no matter how much conviction we have, it’s not advisable to go the all in road ... serenity when you are maxed out on credit cards etc ? Not for me tbh
Dangerous gamble which paid off , but please , avoid putting your financial health and that of your family in the future as your luck will some day run out ....
We are our worst enemies when investing .....
Keep the convictions but never risk the house :-)
Best of luck to you
I think it is fair to say that sometimes in life you reach a point where all you can do through the pain or stress is smile back and be grateful we are all here still playing the great time. On a few occassions I have been under immense stress but I would like to share with you that there comes a moment when all you feel is serenity for lack of a better word. I think it comes with accepting your situation is what it is and your predictament/position is committed and you are not backing down. One occassion was when a harness i was wearing became stuck on a sharp rock whilst descending a waterfall in Wales, I can imagine it was similar to being waterboarded. (Don't ask!).
Another time was when i took a chance on a bet, which meant I would have enough to make a house purchase or not (It was make or break day for the deposit). Fortunately it won. And the other was being all in (probably not clever) pre Manic Monday here, maxed out overdraft and credit cards everything. On all of those occassions, my mind was obviously all over the show until a kind of peace kicked in and you think clearly again without fear making any further decision for you. I kind of feel that here again now. Deep down i'm convinced this share is a winner and if the market is stumbling to appreciate that then thats their problem. All that have done their research here know what I'm talking about. If you can hang onto your shares then it takes the stress out of it really. If you need a break from the screens, go get some fresh air and switch the laptop off. At some point in the not too distant future the SP is going to be well north of here. I'm not saying it won't be bumpy but this is a news driven share as RM says. GLA.
Sorry I meant 175p obviously.
S
I have really enjoyed reading this thread and remember the elation as I watched the screen for the whole day on what I prefer to call Magic Monday. I had invested initially at 73p and was feeling confident about the trials and averaged down in the 50s and 40s then a long wait. I was keen to invest more but was waiting for a cash ISA to be transferred to Barclays ISA. I lost patience with the banks incompetence and opened a HL shares account. I well remember Nolupus and Eva's postings. Nolupus had an increasingly conservative stance and was obviously concerned as the SP stagnated and reduced. Eva you should't go on about this. It is totally unfair on Nolupus to say he made Woodie sell and Woodie was happy with his own decision as he made clear in subsequent postings.
I fortuitously bought a couple of small blocks of shares in the 30s in the ten days before MM. That day reminded me of the Brexit vote denouement and also the Trump election live results broadcast. I couldn't believe what I was seeing on the screen. I just wish I had committed ten times what I actually invested then. I have since. at obviously much higher prices.
Coming back to earth and today's situation the reduction of SP well below the offer at 75p is very annoying and I didn't really expect it. If I had then I would not have committed all the cash to the offer. I tried to retract my decision yesterday morning but Barclays had closed the option on the 27th. Another downer compared to HL where I would have had until midday yesterday to make or change my decision. I now have no cash to buy any shares at this lower price. What will happen now I don't know. I wasn't aware of the failures in the the WHO trial until today and although not Synairgen's product and not inhaled the fact is that it was not only Remdesevir that failed but also interferon Beta 1. This will have a negative impact. There should be differentiation but some investors and politicians may not recognise this.
I agree that pressure on the media to concentrate on possible treatments is worth a go. My MP has given up responding to me now!
Has anyone posed the question to the company regarding peer review and why we haven't heard anything. Have they actually not released the full data of Phase 2 to the science community yet?
Thanks and good luck to all.
Spinnaker
Simmo222
I will agree on that, in the sense that before the P2 readout it was a bigger Risk and therefore people should have put in only what they could afford to lose . My point was that ...
Nobody , not even Richard was expecting such promising results from the hospital cohort ...
Anyway that is water under the bridge , the results de risked the investment to a large extent so now it’s a matter of patience even though it’s a bit frustrating at times ...
Eva ,
Your memory is flawed as well as your arguments
To be fair to the board , I will not reply any further to you...
Waste of space and effort
Eva ,
As usual , you twist things too much to suit your agenda ...
We are not going to bore the board again with your Rantings ....
BTW , how did going all in , in IMM turn out ?
Maniac Monday ...
After verifying and reading at least 3 times the RNS , I was ready for buying :-)
Doubled up my holding at 90p , doubled up again at 120 and then settled back to watch the rise :-)
Still holding all , as no reason to sell But everyone to their own strategy ...
Waiting for a partnership before thinking of selling
There will be more days like that here in the future, I am sure about that!
Lovely to see so many familiar characters on here tonight.....a nice change
Manic Monday was a wonderful day and a great experience.......i really do not think anyone predicted it would go so high so quickly....
During the doldrums of the mid 30s, after the heights of 70.....i think most of us were expecting a difficult rebreach of 70 and possibly an attempt at 100.....
The reality was a dream.....
Been here since the 30p’s and in my experience ‘SNG are as silent as the grave’ when it comes to leaking info of any kind. I respect them for that. When they have something to say they say it. Investors see through companies who keep releasing RNS’s to announce a trip to the latrine.
CR1909... Ha! Yes, I'll remember how happy she was, that picture of her in bed is firmly imprinted... having said that I am only sitting on a paper profit, but I'm convinced that this is the kind of opportunity that will probably never happen to me again.
After reading the Numis full report, giving a downside of 67p if all completely fails, and an upside of £51, I feel that the risk vs reward is definitely a risk worth taking. So I'm in this until the end!
Look back at when i first posted....I came in at 70p and then watched it drop to 35p area where i then chucked more cash at it...
I can see how you are saying that Nolupus as clearly up to now we have not. But surley if we have outstanding data from the phase 3 things will have to change., partner or not.
Meelie - life changing, that's brilliant. Definitely a date that will stick in your mind then.
My mind tends to wander when I am out running, especially given some of the posts on here. I find myself thinking about what happens if the price doubles, or what if it goes to this price, or this price. Before I know it I have myself mortgage free and in a new car. Nice to dream though!!
Sorry but I don’t agree... SNG is not Gilead
We are not in the same league and SNG without a major partner / Pharma will not be taken as seriously as they should be , IMO
Nolupus - I think the trial will run to completion but any signals to the data monitoring committee will trigger emergency authorisation IMO.
Ghia,
I don’t expect the P3 to be stopped early ...Data is king and so far we have only results from 100 patients with Covid ...We need to confirm these promising results with a larger number of patients to gain worldwide credibility, especially after The Who trials with S.C. interferon beta ....
Hopefully We should get ´ at home ´ trial results whilst awaiting the P3 ...
Patience is necessary in the meantime , IMO
CR1909.... to be honest, I've never witnessed a rise quite like it... it was so fast I was too stunned to know what to do.... so I did nothing but watch.. then woke my daughter up to celebrate!
It was a life changing amount for us.
All I remember from manic monday was reading the RNS before opening hours. I could not believe that people could still buy for under £1 when it opened up and I posted something along the lines of " BUY ALL YOU CAN AND QUICKLY"
And then it was a steady increase after that.
I will never forget punit, who seemed to be posting here for months in the run up to that day.
He said, when the SP was at about £1.10 at around 08:15
"I have sold, I'm out"
that made me laugh a lot.
Sounds like a lot of similarities with the way things are developing just now then.
I bet some of you have great stories about magic Monday. Did you see the news or RNS first and then I presume you spent most of the day just glued to a screen watching the price rise?
What sort of prices were people talking about at that time? Did the 230ish mark meet the expectations or exceed what was expected?
typo.
We tested 77p*
This board was 10 times worse in the weeks / months leading to the Phase 2 hospital results.
Imagine the moaning and whinging you would have on here if the MM's dropped us to 85p from here for no apparent reason. Thats what we were dealing with, we tested 779 on 10 different occasions only to retrace each time. We eventually went to 32p. The morale of cetain posters became apparent.