RE: News on Hemo13 Mar 2024 13:33
Technicals are irrelevant, there was a 166m placing, whilst most were forward sold its impossible to know how many remain/how many LTHers got fed up and dumped. Hemo are R&D so profit/loss, RoI, Charts etc are all pointless, same goes for historical performance. They were pre-clinical they are now clinical, they are about to start trials before it was purely R&D in the build up to IND. They wont sell CAR-T for a fraction of their mCap if/when it happens it will be for multiples, so we can all agree technicals here are irrelevant, its news driven but primarily sentiment as you have pointed out.
I wholly agree that sentiment is poor, people ARE fed up with the placings, not so much because he raised 3m but because it was at a discount FOLLOWING a significant sustained attack on the SP. Had it been at 6p, a premium to PRE-IND the placing would have been welcomed, in fact it was predicted before the CH was lifted and endorsed by many myself included. The discount and final price is the issue here.
The point is Sentiment right now feels like its being kept almost artificially negative, to be fair most of the people I speak to , the LTHers are very positive, they just CBA and see no reason to engage here which I understand. Cash in the bank, bit of a shafting, no lube as pointed out and trolls/shorters won, but the upside is pretty huge.
We all know, yourself included, that shares do not move in one direction. This is day 10 of drifting down/flat. It just does not go on forever, 10 days is actually a very long time and of course it will bounce. Company does a placing, SP falls, drifts down until its churned then recovers. This has nothing to do with Hemogenyx its just the markets. Sentiment ANNOYINGLY is almost entirely driven by SP here, people focus ONLY on SP and if its red they are miserable and down and not buying. When buying picks up and we get a blue day? Suddenly everyone is bullish, buying and rampy. So honestly, not an attack, but yes I believe your here for a trade, I believe your post and thread was to try and turn the knife for a few extra percent before buying in for the bounce.
To be fair to you its clear you know what your doing and you are here to make money and your NOT trading on your emotions. If more people did the same and used their head not heart Hemo would do a hell of a lot better!