RE: Turning Blue9 Jun 2020 10:35
Timster, I saw the news this morning on my phone in bed, and knew straight away this is not what the market wanted. Regardless of what people here say in terms of, "This is not a one trick pony", the fact is that MOST, of PI's are here for the Covid test...Simple. Unfortunately there is currently too much emotionality riding along with this investment, along with the fact that a lot will have bought in on the highs. The stock has value, yes.. with current pipeline but we're still in the air imo with proper timelines.
Majority investors we're hoping this to fast-tracked to production and credibility, that hasn't happened..instead we have the seller still, now a large placing and guaranteed share flipping, (more on todays news).
People like Myles, who'm I have the greatest of respect for, were invested before Covid and waiting for other pipeline news, and bought majority of their shares in the very lows with a view to materialisation, the Covid situation just accelerated their investment! Good for him/them I say.. because they've done their due diligence very early!
I still haven't bought back after letting go 1st thing this morning, because i'm just not liking the current trading, on-top of that the indices are down along with futures. I would rather buy back a lil higher when knowing stock price is performing with strength... may cost me a bit more, but it's done with a lil more conviction and facts.