RE: SNG5 May 2021 19:29
Hi Fek
I have bought some hot potatoes recently and sold as I think I bought into a spike.
Should have learnt from sos about catching falling knofe.
Like most of the experienced member on here you can make a call about certain companies and hold onto shares waiting for news. This is straight forward.
Take gdr great rns, sp increased, today it is close to pre rns levels. I assume what will come next is an rns about contracts and up we go again. I get it that people are taking profits and the mm's need to cover their positions.
Sng hardly a catastrophic rns, how much has been wiped off the companies value, we know/hope that the phase 3 trial will produce results in the age group which are more likely to benefit from the drug. Hey presto everything in the garden is green again.
There is a kind of logic to all of this I suppose.
For no logic at all take a look at the doge 5m graph at around 4pm today. No doubt it will be reaching new highs before the end of the day