RE: Quiet day today7 Feb 2019 20:53
Buy rumour sell news has pretty much always been the way, not just since December Charty.
Of course some will take profit on the day, the thing is that that if the next AZN rns details impressive financial terms it would take the SP to a much higher range prior to any profit taking. I am talking of an rns that may involve an upfront payment and subsequent milestone payments. This would be in a totally different league to the recent spike rns'es that have resulted in a subsequent sell off.
The last rns stated that the objective was to agree terms for co-development of a product, this implies financial terms where we would assume AZN would be funding all R&D. An upfront payment would mean no requirement for a raise.