RE: Broke the £1000 resistance10 Nov 2021 16:18
Steve this share has never hit £1000, £10 was the maximum. That was because it had Woodford behind it, he was buying the stock and actively promoting or as some would say "pumping" it. This is effectively what gains recognition for a bio tech and put it into the radar of other specialist investors. There were a few reasons for the fall, and it has nothing to do with AIM. First of Seres announced a failure in one of their trials back in 2016, which meant the whole sector took a hit. They have announced another failure this Summer as have Forte, which again impacted 4D. The sharp drop last year was due to the Woodford fund getting into difficulty, having to sell down aggressively, which was reflected in all AIM bio stocks he held. This wasn't limited to 4D. None of the drops have been attributed to 4D's performance itself, which is a big positive.