RE: Getting out the 4s was always going to be difficult29 Nov 2021 19:11
I was expecting a couple if red days this week. They are healthy pull backs in a up trend. We had 3000 trades on Friday and shot up 30%. Another 3000 trades today but only 5% down. We got through some churn today. Profit takers out, twitchy investors out, more new buyers in the £4's mean we are building a new base. Consolidation is good and allows us to push on to higher highs. Sentiment is still pro covid stocks and will be for the foreseeable. Fundamentals are still awesome. So much news around the corner:
1. Co-prep launch
2. SNPsig for Omicron
3. 8 product approvals to come anytime
4. Non covid product expansion i.e RESplex, Hiberplex, C Diff, sickle-cell
5. Dispute resolution
6. US update
7. Director buys
8. Institutional TR1's
9. NHS new contract
10. WHO, UN EU, US large orders
11. 10min PCR update
12. R&D update
13. Potential revision to FY revenue fcast
14. Have they found a solution to our £30m of dead stock?
15. DA strategy update
16. FY22 forward guidance
Plenty of news that can reignite the boosters this week. Still expecting 3 blue days this week and higher finish to where we started. £5+ imo.