I only held since Thursday but don’t have many shares but I was hoping as it is due a surge, and news due that it could hit 11-12p quickly. Followed DSFLAT tip from months back.
DSFLAT, looking at Avacta and it having similar cash balance and being in a similar process, I am surprised this ain’t at least 30-40p to be honest. I think it just shows you how important history is. If this went viral with positive news on Q2 data then maybe you could be right about it being at least 11-12p range by now and it could surge to 30p+ instead.
I decided to go with another stock as news is due in Q2. I really should have sold it at 42p damn it. Still hold like 74% of total investment. I still hope Genedrive surges but if it doesn’t I want the other stock to fly short term and I can buy more Genedrive shares.
Still don’t get how it is so low as there has been significantly more buys than sells since it was 29p according to LSE so in effect it should be 30p at least now.
To be fair MassiveRay seems to call it right most of the time. I won’t be surprised if this surges to 32p range soon as he does seem to usually get it right.
To be honest I am shocked. I thought funding was causing to crash but they are raising at a premium of 32p per share and it crashes? Makes no sense at all. Other companies raise lower price and it jumps back Up. This crashed raising at a premium. Now I realised why people sell before very good news.