RE: is this what they are doing?9 Sep 2020 12:51
The UK roll out rally back in NOV 2016 lasted about 12 trading days with a total volume of 3.245B, reaching a peak of 79c on Day 12. After that the sp and volume dropped off.
Day 1: 546M shares traded (high of 51c and closed at 45.5c)
Day 2: 609M (with intraday high of 64c)
Day 3: 250M
Day 4: 120M
Day 5: 139M (reaching a low of 45c)
Day 6: 116M
Then on Day 7 the volume drops off to just 47M - is the rally over?
No, next day (Day 8) the volume picks up to 368M
Day 9: 374M
Day 10: 286M
Day 11: 166M
Day 12: 224M and we reach the high of 79c.
I sold out around 69c and now hold >1,000% of what I held back then.
Difficult to predict the duration/vol/sp of a rally but I feel this one still got legs, time will tell.
Anyway I am not selling out at these low levels. The major sp driver should be confirmation of the US license agreement which might not be that far away now. There could also be a TO offer for FORTACIN out of left field anytime. My hope is to see the sp moving beyond HK$1, I think the potential is there.
The recent move into the longevity sector is also very promising and should continue to spark investor interest in HK and further afield. Dr. Zhavoronkov noted last week that as part of Regent Pacific DLI aim to service the longevity biotechnology industry as well as the health and (life insurance) industries and become the ultimate instrument to hedge the longevity risk. Sounds very exciting. Indeed. DLI is not well funded at the moment (as someone pointed out) but that could well change in the future as Jim was very successful in raising capital for Juvenescence last year. All in all holders should be cheerful :-)
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