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If the only worry left is orders.
I don’t don’t think I’ve ever been so chilled.
I’m struck that I’m still having to read the odd comment questioning the importance of the antibody tests.
“For the first time it will allow us to get an accurate picture of who has been infected with the virus and help us to determine the level of protection induced by previous infection.
“It will also be a vital tool in determining the efficacy of any vaccine, particularly timely as some of the vaccines are now entering large scale phase III clinical trials.”
Professor Mike Holmes, GP at Haxby Group and Vice-Chair at the RCGP said: “The test is a real step forward; it’s safe, reliable and easy to use. I hope this will be welcomed by the public as vaccines become available and we all need to understand whether or not we are immune to COVID-19”.
Beyond that, you’ve got Novacyt only recently putting their R&D efforts into bringing an antibody test to market, likely due to the recent growth in understanding regarding both antibodies and immunity. Because it’s clear the IMPORTANCE and MARKET SIZE for such a product will far exceed what I think anyone can comprehend.
And you’ve got Omega, on the cusp of manufacturing an antibody test which has blown expectations out of the water with 99.40% accuracy, whilst remaining highly efficient for both production and usage.
Yet this is only small slice of Omegas portfolio...
And if it’s orders thats waiting to ignite this, might as well put the petrol on now.
Seriously exciting times ahead.
GLA
If you were as confident on Val as you seem. You wouldn’t feel the need to ramp it on every board. Embarrassing.
Nice cross ramp.
You must have a stomach for risk with AVCT. However, I value a comfortable sleep.
Omegas risk is now massively mitigated. The product has been tested and speaks for itself and as we know, demand was always the least of the worries.
GLA
Yep exactly. Nothing other than manipulation.
Interesting how some PI’s sentiment changes when there’s slight retrace in SP.
Especially when all that’s changed since is we’ve achieved the CE mark and the gold standard test is even more impressive than first thought. Not exactly cause for concern.
Yet when the next rise occurs they’ll be clambering back in.
If you let it the market will play you like the fiddle.
DubleD - I sure have.
Not sure that’s the only way to have made money here though...
Having initially loaded up in the 30s/40s and sold on the rise to 92p in the 70s and 80s.
Re entered a small amount at 54p averaged down at roughly 44p 40p and 38p. Currently maintaining an average of around 40/41p. So approx 40% up currently. And sold 5% at 50p and then 60p to de-risk and not contemplating offloading any more shares below £1 as things stand.
Not sure you can even sell on news here because it seems to go down and then go up when you’re least expecting it haha.
Im sure I read something similar at NCYT when it dropped from 170P to 60p Before rising to 500p a short while later.
If everything went up in a straight line and did what the average PI expected it would be far too easy.
There’s a reason why the worlds most successful investor stated the stock market is a device for transferring money from the impatient to the patient.
Which is why Rainbow chasers would be more successful burning their money.
15% drop since CE marking update seems very harsh.
I think the short term SP movements are just like a monkey with a joystick. In Omegas case it’s just a particularly aggressive monkey.
Not worth being pedantic, it’ll move when it’s ready. Similarly to how it went from 32p to 68p in a few days. We know all is going really well and as planned, so all positive.
Whether the share price wants to reflect that now, next week, next month... I don’t mind, I’ll be waiting.
Looks like I’m adding... though I’ll wake up from this nightmare any minute.
Had to check I read the right update this morning.
Looks like the shackles could be off...
A producing mine when precious metals are reaching all time highs and with no reason for slowing down.
You just have to look at similarly placed companies to wonder when the re-rate will start here.
Easy buy & hold for me.
Imo. Small rise early doors to let go of the sellers, heading into a superior rise in the afternoon.
Regardless, I don’t think it’ll wont be long before previous highs are breached anyway.
This is just the beginning, you’ll look back in a couple of months and think. Wow. 70p, what a bargain that was!
Oh dear. It’s sounds as though thou may have a short on here.
Ouch..
Brilliant!
Share price consolidating very strongly providing a great platform for an update.
Whilst there are a range of potential catalysts which can propel the SP to new highs.
Easy buy & hold for me.
Buying..
I’ll be more than happy to take more in weakness now I know the test has seemingly completed its approval for sale in India.
That’s an important development, whether its RNS’d or not.
With this in mind, I was anticipating a rise today.
I’m not sure India would be able to roll out other tests similarly to the U.K. government.
“But the results of PHE’s evaluation of the Roche test differed considerably from the firm’s press release. While Roche reported that its test never gave a false negative (100 per cent sensitivity), PHE’s evaluation found that it actually was only 83.9 per cent sensitive”.
If India were to roll out a test which is only 83.9% sensitive on mass it would simply do more harm than good imo. Almost providing false information 1 in 5 uses. The test is almost pointless hence why it has not been rolled out in the U.K.
Especially when there is gold standard test which is 98.6% accurate available imminently... it’s not even questionable.
The only worry is how many can Omega make. Because whatever they can make it won’t be enough.