RE: What's changed?16 Jun 2022 17:02
What's changed is money pouring out to support Ukraine on the back of money poring out for covid support, an energy crisis because of said Ukrainian war, interest hikes (too late!) to try and halt inflation and an imminent recession!
I bought 3 bio companies (2 USA) plus Avacta around February last year (almost the top of the market!).
At the time my 2 USA bios were around $90 and $20 both with good pipelines and Avacta was around 215p.
I sold and bought back many times as I liked the prospects for all 3 stocks but I finally bailed out of 1 USA stock in late March when it had gone from $20 to $4.27 and the other in late May when it had gone from $90 to $33.25.
The stock which I finallygave up on at $4.27 is now $1.77 and the one finally sold at $33.25 is now $27.25!
Had it not been for AV600 hopes I would have also dumped Avacta because stocks, particularly growth stocks, are on a hiding to nothing for the foreseeable future.