RE: Another red day .... that rise now nearly eroded14 Jan 2022 12:21
MrIndia, you keep on stating that the price is being "driven down", as if to say investors are selling in their droves. Not true, as daily volumes will confirm. If I didn't know better, I might think you were engaged in a (not-so-subtle) deramp in order to buy in cheaper yourself. Your daily belly-aching re: the direction of the SP is becoming boring. As I said before, IF you're an investor, best to turn off and return in a few weeks/months. In a way, you alighted on something when you said previously: "Also, biotech is being brutalised in the USA so not surprising small bio being battered here as well." Indeed. Therein lies the problem. The entire sector is being hammered, largely because Covid is now seen as less of a threat (erroneously, in my opinion), and because drug discovery companies are news-driven (i.e. no news = green light for the MMs to drop the bid). It was ever thus. We just need to hold, firm in the belief that the science will prevail. We are grossly undervalued - I think that much we can agree on? We just need the market to wake up, and catch up. AIMHO.