RE: Vaccine development13 Oct 2021 12:04
Hector, the movement of the sp is a short term phenomena whatever the final outcome. There's the 'news', which was generally positive in respect of AZD and then a market sell off into volume aided by warrants because many players were in profit. Now we have low volume and a few PIs very likely getting bored and selling into a heavily retraced sp.
Don't get me wrong - there's risk and uncertainty. We all know this and can read the RNSs - further analysis, commercialisation discussions etc. What's the ultimate value to VELA?
We sit in this dynamic until the market knows the answer. Fundamentals are not crystallised and therefore MMs and a few other short term trading decisions based on no new news dictates the current sp.