Tough time calls for being resolute15 Jun 2020 19:46
I been so busy today I did not see the SP. I must admit I was dreading looking to see what it was as there has been so many alerts on price monitoring extensions. But we are still fighting here and the SP can bounce back. So that is the negative set aside.
This was never going to be easy?
We had an easy ride of things for the first month or so. With steady nice rises. Now we are trying to kick on, the dips will be more severe. But keep faith.
What are you going to do right now?
You can sell and cut your losses. Or you can hold. Weather it out and see the share do one of the biggest bounces.
I am disappointed the company has taken so long to update us on the rapid testing strips. However we are still in the game.
It is in no one's interest for this to go belly up. But the time is now for Avacta to deliver.
Once we get news on the rapid test strips, this share will be doing 2x 3x from its current SP.
The issue is that no one knows what the SP will be by the time the news comes out.....
We are nearing absolute critical timelines now if we are going to start selling the Test next month.
So the team need to pull their finger out and deliver. And if that includes having some stern conversations with Cytiva to speed up then so be it too. As we need to start pushing this testing development higher up their list.
For me Avacta is still a strong HOLD. And for those who bought in at the high, then maybe think about averaging down by buying more. I am certainly considering it.
In for a penny, in for a pound.
Only invest what you can afford to lose.
Gl all
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