Whats the upside vrs risk with this stock?28 Nov 2022 07:41
To answer HT .. no I havent sold but i was close. I did a lot of analysis in the last few weeks and this is one painful stock to watch and follow but I believe something now has to happen. All the ducks are lined up and updates should be coming soon ... I know we have been saying that for years.
- We know IND is very very close. We don't know whether that will create a $50m MCAP rerate of $200m MCAP but once this goes clinical, interest levels will be sky high and so will confidence (Irrespective on how vlad decides to report the news via twitter or officially via RNS)
- We have upside news expect on the other projects ... we continue to guess what news could be imminent and I guess this is potentially the news that could create a real buying frenzy. I believe the way Vlad is he is getting all the ducks in a row and will announce big news together. This will kill the traders as buyers will greatly outweight sellers
I do believe though the reason this share is at the lowest is not just because of the big seller still out there but because no one knows how many shares they have or when they will sell them. As a result, people are worried about buying and the seller then deflating the price. This is extremely frustrating since once the seller leaves, this will easily go over 2p just with the number of buyers we have today. Sentiment will also change and things will rerate automatically. Nevertheless, since vlad's dates have always slipped again people are now ploughing money into this stock and instead putting it into stocks to daily trade ... as JHFH rightly says, this is a dangerous game and not one I am intelligent to play but good luck to them
On a final note, I have extended my time horizon every few months. This is is very frustrating but I truly believe that by late January this will not be sitting at just over 1p but nearer to 5p and so if you can put money into this and leave for a few months, you could be very happy. The only real risk i see from here is it goes to 1.2p but then moves back up ... we are in the loading zone