RE: Took some profit9 Feb 2021 12:02
scotlouie - yes exactly this. It's very rare that shares go up 100% on the day on news because:
A) the news will, to some extent, always be factored in in the days/weeks leading up to it (why do you think we've seen such a big rise here?)
and
B) people take profit. 20, 30, 50% all tasty to take for a day's rise.
So if this SP goes to £1.20, say, before approval then it won't do 100% on the day IMO.
But if it's down at 75 for any reason then it might do.
There are shares that have bagged or more on news but they're rare.
I mean ask yourselves: is FDA approval relatively likely? If so, it'll be factored into the sp to some extent at some point before it happens. If you think it will be a bolt out of the blue, then it won't be factored in to the same extent.