Tree Shake/Earthquake9 Nov 2020 18:23
In my opinion today’s drop was a total overreaction. However I have seen a percentage drop like this before having been here since February.However I have seen a percentage drop like this before having been here since February. The share went to a top of £5.20 and then dropped back to £2.80-ish, The criteria for holding onto and buying the shares has not changed in one day, in fact it has improved.
More testing is about to be rolled out in major cities than ever before, I doubt that a trustworthy and viable vaccine will be available within a few months but even when it does appear, testing will work hand-in-hand with its rollout.
No one will be given a vaccine if there is any chance that you have the virus already therefore a test will be inevitable prior to the offer of a vaccination.
Coupled with this we have two ask the question who will be queueing up for the initial approved vaccine? I have the feeling that a lot of people will be holding back a little and waiting to see the outcome before jumping in feet first.
I have mentioned before on this forum that after all these years there is still no vaccine for SARS, and yet after developing a product for some 8 to 9 months(Or less) Pfizer are shouting about it.
I sincerely hope that this or another vaccine is successful and very soon, however this will not negate the need for testing. Novacyt have one of the most well respected and reliable test worldwide, it grieves me that for some reason the company has been unable to release news regarding sales, i’ve put this down to various government restrictions. Maybe we will have to wait until the end of January for true annual sales figures to be announced.
I still hold my 40,000 shares bought at an average price of 1.33 in February.
Keep the faith people.