RE: Happy reading2 Aug 2020 17:53
I would agree that 10p for the moment would be its upper limit untill next bit of positive news comes along. Like I said before, there is good support at the 7.16p area, so this is a strong buy in low 7's and I imagine given the strong possibility of positive news in the pipeline in the not to distant future, we will mantain a nice trading range betwen low 7's and high 9's. Any dip below this range will be heavily bought into, so I would definetely be holding onto a portion at these levels. I will tempted to trade this on the swings, selling some in high 9's and buying back on drops to low 7's. Easy money. Ultimately, I will always keep some in as news can come anytime on another contract talks. This company is in a market that is now beginning to take centre stage in drug development and it is well placed to make big strides forwards from here.