RE: Hopes and prayers23 Jun 2020 21:07
Hi Charlie
Thanks for your response. I understand your strategy to trade momentum maybe. But playing pharma shares with short target timescales in mind is a risky business. The daily fluctuations at hemo can be big and since the GlobalCo announcement was effectively postponed then sentiment has dropped through the floor.
I would suggest that it would have been a good idea to assess what imminent newsflow you might expect and how it might affect the SP. Also did you target a particular piece of news?
I think what you’ll find on most BBs where you arrive, warn everyone of the risks of pharma plays, with minimal research under your belt and therefore no specific reason why you think your warning applies specifically to that company, then you’re gonna get a bit of stick. I have spent many many hours getting to grips with everything I can find to read about Hemo, it’s market space, staff cvs, Collabs, the actual tech.
Would you believe me if I said they have mice for pre-clinical testing, the IP for which I believe that on their own are worth nigh on our MCap and change the whole drug development industry? Mice tech!! It’s bonkers.
Sorry if I come across as patronising. But you need to read up on hemo if you’re concerned about it not being successful. Because you simply cannot know enough about them. And apologies for taking the P. Your money will return big rewards if you give Hemo time. I’d suggest 3 months will be transformational though a year is ideal.
DYOR.