RE: Curious isn't it...22 Oct 2021 06:56
@JennyTolwought
Thanks for the shout out
It's easy for some and traders to get caught up every penny movement. Personally, whilst i actively monitor the stock and very vocal on these boards, I'm actually looking at the fundamental value here in relation to its Peer group.
Now putting my natural bias to one side, that i believe Valirx an ABOVE average company with life saving propositions that will ultimately be commercialised and result in a stratospheric step change in the share price, i can't get away from the FACT that even on the lowest of low valuations, we should be pushing the peer average 80p line £52m mcap value all day long.
Hence my call is that we will enter this range for sure pending news. We are ABOVE average, its a no brainer and that's where we are heading imo. Make no mistake.
Whilst news can land at any moment and we are also expecting an update in respect of BC201, i could be pleasantly surprised, I'm not expecting anything myself just yet. We had intra day movements, some bears were wanting a further retrace to catch a couple of pence discount and the Bulls were buying in off the back of it.
I can't be doing with that myself, if you sell then sell, don't sell to buy back cheaper that's a mugs game not on a stock that's rated this far down to start with. I could understand it we were at a couple of quid.
Sometimes it takes bigger balls to hold onto a rising stock than it does to buy it in the first place. Try finding an ASOS shareholder now apart from the founder Nick Robertson, that with a share price of 2725p today still holds shares from 20 years ago at 5p ( X 545 Bagger).
Anyhow, excluding a curve ball here such as: on the positive side some kind of an update and on the negative side a chunk of stock being sold, my call for Friday is you might be surprised to read:-
A MASSIVE BLUE DAY with a close of between +9p and +11p taking us to 65p going into a Stronger Monday and entering the peer average range by the following Friday.
Of course its the half term holiday next week for some and volumes could be lower, then again a lot of people are still working from Home and more money is currently moving into bio stocks. We also still need a BIO Fund here taking a position, bloody sick of the focus on individual traders, Cenkos need to get one lined up and taking a position - it will come.
Whatever the case tomorrow, the fundamentals indicate a really solid Risk/Reward ratio from here, as such I remain a Buyer at these levels not a seller. Far too much to come yet as i see it.
GLA
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