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Thanks Zoom
I am not a deramper and come on here rarely - really only to read other investors thoughts when I am nervous with the market ....we hit 2GBP this week and now 1.76 - so I am unsure what we all think! I am holding -just expressing my concerns to see if others feel the same way!
Thanks PL75 - agree - the balance is the hardest part.......
Take some profit and wait - but how much......
I have shares personally, I have shares in my pension and I have a large spread holding ...its now how much I reduce and how much I keep - thats all! (10% sold so far but Im thinking sell another 40% and buy back if they drop waiting for approval)
I wasnt going to reply to you because the bin men come Friday here! (joke- dont rage)
I am just voicing my concerns - and there are too many people on here being aggressive and blind to the fact that at the moment the Company is valued taking into account they will get approval and drive forward - if approval isnt forthcoming we all have trouble - straightforward fact!
Yes I listened and was very impressed......
However I personally have taken seminars world wide and been honest about potential.
However potential doesnt mean approval and without approval we are back to Cancer drug treatment in 3-5 years time!
Agree with all your post and accept that 'spit' tests will always be wanted however where I am nervous and want to highlight is that everyone including me is confident we will get approval unlike Orasure and E25 - why such confidence?
I am sure that they were confident too and we have been going through the approval process since June I believe!
Aurora - I started buying at a pound and stopped at 1.50 averaging 1.32 to be exact!
I am soley expressing concerns on timing ! Now it appears I
1) Dont have a clue
2) have a little slice of the cake
3) ajok (whatever that is)
4)MFM (whatever that is)
5) Amateurinvestor -
A lot of anger and wrong assumptions........mmmm! What drives that Aurora?
Arbitrage - its not about anxiety - I am cool! Its about reality ......we all buy shares to make money .....Avacta I am averaging 1.30 and expecting too much I believe. The Company is small and is struggling to get approvals on key products. Timing is key and they are running out of time. I do not want to lose the profit I have but also dont want to miss any huge upturn obviously - so its all about timing not anxiety! I can see 1GBP again soon if approvals dont happen soon.......
Today after having built too big a holding on Avacta I have sold a few shares because I am nervous on timing....how late are we compared to the competition.? Why is it taking so long?
My main reason not to sell more is that Heathrow tests are not 'spit' tests but swab tests. Still spit tests are not to my knowledge in operation so if and when AVT get approval it should explode- imagine testing at home whenever you feel ill? However When ...when...when...and will it be to late!?!
My take is that Avacta long term are very solid!
The drop is because the approval process has taken too long and other competitors for some reason are quicker especially in the States.
I heard Sir Al mention November - that's too late ! Testing must be initiated NOW!
Hence we have to take the pain before the gold....if you can take the bumpy slow ride coming I believe it will be worth the wait but it may be 3 months and many lows away!
good luck all........
I listened to the whole presentation.....very professionally done!
All was very positive from Cancer to Covid - from liquidity to opportunity!
Only down side to an investor is the timing - we all know as businessmen - strike while the iron is hot - but unfortunately when it comes to any medical advance the 'clearance' takes a long time! I wasnt sure if they 'skirted' the timing issue and hence the market has had no up or down reaction - we will have to wait and wait until approvals happen - then everything will change but when.........
Spike - agreed with all the principles you state!
My worry is exactly that - the drop hurts my margin on Spreads (I Have shares and a big spread bet) .
So when it drops I get a margin call - dont wanna sell but am getting nervous that if we dont get approval the price will dive........
I wish!
Avacta was a tip and when I researched - loved the principles and ambitions!
However I am now only profitable due to the rise ........of AVT and Boohoo
What does SNG stand for as I cant find them - are they UK or USA?