RE: WHY LATE BUYS /SELLS3 Jun 2020 19:41
Think I said here last week, the Covid bubble has burst, not just here but everywhere, the real play for Avacta is way beyond Covid, in the Cancer.
In my opinion this will hit £3-£4 eventually but right now the drop is expected, everyone is hoping between the different stocks, ODX, GDR etc. looking to double their money within a day and when news goes a bit silent, they jump ship and it's a domino effect.
I have a feeling we will go back down to the 100-110 reigon and that will become the bottom, I feel for those who jumped in at £2 but I think it's a little lesson a lot of people that you won't double your money in a week. Anyone who heard the last interview would have realised news was a few weeks away and a retrace was enivtable.
When the test is ready and deals start getting done, this will jump straight back to £2-2.50 because of the standard FOMO, so I would advise anyone with a heavy loss who bought at 180+ to just hold, once you sell that loss is realised, but if you hold, you still have the chance to make your money back and profit even.