RE: As a wise man once said........6 Jan 2023 15:02
My PMs on twitter/telegram/watsapp etc from "LTH'ers" this past week have exploded, some people went quiet for a year or so and held(apparantly....:P). Others are honest and have basically confirmed they sold because they saw clinical trials being so far off they were worried it may be delayed and the cash may run out and were worried about all the talk of 1p and placing last year.
Chats are now picking up and now its clear that many want to buy back in but face the dilemma of buying back in now HIGHER than they sold or waiting hoping for a bigger dip so they dont end up paying more than they sold for.... Well for those trying to decide what to do.. Thats your decision, you de-risked this past year by selling and had the benefit of not having to look or care what the SP did, paying a small premium now is the price you have to pay for us bag holders who didnt sell.
If people think its going to drop much further... good luck to you, I wonder where you think all those extra shares are going to come from, some shares have been bought by traders but many bought by ex-LTH'ers looking back in. I said a while ago this would turn into a fight between ex investors trying to get in before other ex-investors spike them and only a few early people would get back at the price they sold at.
Maybe you wait.... Probably a few weeks until IND or atleast run 3 is complete, maybe start of Feb.... How many trading days is that.... Are people really likely to sell in a few weeks knowing IND is around the corner? Hard to know what to do if you want to buy back in, not a decision I would relish making, but thankfully I dont have to worry, locked and loaded.
Ofcourse if an update lands in the next days or weeks, as I fully expect, then the chance of even getting in sub 2p goes out the window.... Whats more likely I wonder? In-vivo results on CBR against Covid-19, which in this current market would be explosive, or contract update on CDX which could very well include cash as Vlad hinted at.. Which again would be explosive...
Tick Tock.... Play with fire expect to get burnt, playing trader this close to the end is stupidity IMO, but its not a team sport so play your game how you wish, I trust Vlad and I believe the next few weeks are going to see significant returns for holders. Have a great weekend all, I am off for the day :-) Tick tock...............