Relax, it helps a lot23 Mar 2021 18:05
The stuff works and addresses an important problem. The EU and US approvals are progressing nicely; there's an agreement in place to commercialise the product in China and S-E Asia, and the company has been approached by interested parties for EU commercialisation.
The DP is just a tad higher than it was at Friday close, before the FDA news. If people were happy to buy for up to 49p-50p on Friday, I expect they won't be panicking now. Perhaps those who got spiked yesterday have jumped out at a loss today but overall I can see it as a healthy pullback. The SP will be back on track tomorrow. If you're lucky to have timed it well today, you're in for big gains between now and May; if you aren't that lucky, the gains will still be fantastic. I wouldn't shout five quid but an SP well in excess of a pound seems reasonable. When the FDA approval lands in a few months' time, perhaps five pounds will become reality.
ATB
EP