RE: Afternoon23 Jan 2019 12:37
I resisted stating my opinion on the likelihod of winning the GC. For the record, I was fairly convinced by the arguments for, but didn't want to get my hopes up and be disappointed.
Not winning makes little difference to my overall confidence as there is so much else going on, or about to be. It's just a shame that another potential treatment may - may - be delayed. Or if one of the other parts of PBP with deep pockets steps in, it might even be expedited I suppose.
The way I see today's SP drop is that many of those who recently bought in and contributed to the rise will have done so on GC hopes or expectations and were most likely traders who would have sold when and if a win had given them a healthy profit, so all that has happened is that we have seen the inevitable drop a bit sooner.
I do think that Monday's RNS was worthy of a rise in itself though, so by rights we should see a little bounce.