Lessons from today.20 Jul 2020 18:30
I'm very much an amateur in the investming game but synairgen should teach us all a lesson.
I'd been slowly losing the faith as the share price fell from the highs of 70p down to 34p with two readouts on the immediate horizon. Many posters on the lse board were adamant that good news would lead to multibags, up to 10-15 times but the lack of interest slowly started to wear away at me. Surely if it really might multibag we'd be moving through the gears in the run up?! Then one bit of excellent news and we see >400% in one day!
I'm not suggesting there's a 400% day in novacyt, i'm almost certain there isn't. But what it did teach me is many investors are cautious and would rather wait for excellent news even if it means missing out on the biggest gains (today sng opened 200% up and yet investors who bought at 08.15 still doubled their money!)
There's a number of scenarios that would blow this share out of the water. Whether that be a £50m sales month, details on the US partner, a major contract with DHSC/PHE as part of the £5b tender, or a blockbuster announcement on saliva/airport testing. In the blink of an eye we'd forget all the moaning and disappointment and would be looking at £5+.