RE: Great News12 Mar 2022 10:55
Most of the market are following the exact same pattern unfortunately. Down trend from 16th Feb, up tick from 8 March be it covid or non covid stocks.
We need to break away from the market trend (both health sector and the company itself) and we need company positive news for that to happen. Biosynex is just buying in the same trend and if the market goes down this will too. If it goes up, will Biosynex continue to buy at higher prices, who knows.
On a positive note, the more they buy, the less of a trading share this will become and hopefully iis may join in at some stage. I’m sure the rampers know this but not being open about it as usual!
There was a noticeable uptick on Friday with the TR1 but lots of other stocks did the same so the 13 percent rise isn’t solely down to biosynex.
I do however see evidence that there are more infections and WHO concerned about new variants. The war in Ukraine is likely to cause more disease spread across Europe with swathes of population movements travelling away from the war zone into other western countries.
Possibly more testing to come, let’s see. DA needs to communicate a buoyant message and a long term strategy to the market next month otherwise we will not break the indices or sector trend.