I'm in and staying in.16 Jun 2020 01:48
When I bought into Avacta I always expected a Novacyt style ride and mentally prepared myself for it. It looked relentess for some time, I expected a drop but never thought it would go this far.
I could sell now and still double my money. I don't see that as a good move though. Waited months for news which is now imminent, whats the point in bailing out now? If we retrace to my break even point, I can live with that because my plan was always to see it through unless the fundamentals changed. if I jump ship, news lands and this explodes I'll be kicking myself for a long time for not sticking to my plan!
I wish I had top sliced as the rise beyond £2 was clearly hype, but we're all great hindsight traders aren't we?
Come this far, might as well see it through! Aside from a placing which has strengthened the company, all the reasons I originally invested still stand... plus there's now BAMS and Neutralising therapy too... so it's actually better than when I started. Not to mention we've now got Conifer on board too.
I know people are annoyed about the placing, at the time I was too. However, can't blame AS for taking an opportunity to strengthen his company and who knows where the leak sprung from.
Shareholders need to remember that AS isn't trying to make them some extra spending money for the summer, he's looking long term. The placing monies will no doubt allow Awacta to advance far more rapidly over the mid to long term.
There's loads of possible reasons for the selling which have already been covered. Unless the fundamentals change, I'm in and staying in!
-Covid is on the rise globally, pushing towards 150,000 new cases per day now
-Second wave looks inbound for the USA (already arrived in Florida/Texas)
-No bad news on LFT
-AS has said BAMS works
-UK Government are aware of us, and seemingly the US Gov too *chuckles*.
-Cytiva webinar will surely be postive
-Various other news likely inbound soon as others have already covered.
Ignore the trolls, don't feed them with replies, just use that filter button. Read the RNS. Watch the Q&A again. Don't obsess over the share price (tough as that last one may be).