The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yeah, agree but when are the highs? I’ve been down for like 9 years to varying degrees. You said strong buy at 30+p not so long back. Based on that - had you bought, you’re now nursing a what? Near 70% loss on your investment…
Got to love how everyone’s “expected” forecast SP keeps dropping, haha. Expectation now 30p. Where we were 12 months back. 80% lower than 10 years back. Who needs income tax when you have gems like KDNC to throw your money in to. This time next year Rodney, we could have 70% less than last year. #strong buy.
That logic only applies if the sp is likely to go up in any sustainable manner. That never happens here. A 12 year history literally proves that. There’s a rally, people get excited then it drips back down (through failures or dilution) trapping a few more in the process.
You were saying “strong buy” at 32p. It’s now 6p. That’s a pretty impressive loss in such a short space of time.
Assuming this does ever go back up to anywhere near 30p - the sells will be flooding in so quickly that any rises will just be sold in to in their millions. Rinse and repeat.