Member Info for russell1

Partnerships and Licences guarantee nothing! I bought a US Biotech company called Arrowhead which has partnerships with Takeda and Horizon plus Licences to GSK, Janssen (JNJ) and Amgen. It has Phase 3 drugs for Liver Disease, Cardiovascular Disease and Hypertriglyceridemia plus another 3 in Phase 2 including one for Hepatitis B and another 8 in Phase 1. When I bought it over 2 years ago it was $80 and it is now $29. Why? Because it hasn't had any of the drugs approved yet.

Almost matches up the 75,000 and 50,000 sells ten mins earlier!

The way the price is going they won't be able to sell at a profit for very long!

If it's a sell, why did the Bid and Ask prices both go up afterwards?

I suspect the price will drift down for some time and, if I had any sense, I would probably sell my couple of thousand shares and buy them back later at a lower price. Unfortunately, I've tried doing this several times before and my selling is the one thing that seems to move the price upwards so I always buy back at a higher price than I sold!

By the law of averages, he's bound to get something right once in a while!

Is anybody else who uses HL unable to log in this morning?

The only interest from NY seems to be you!

At least it's a change from the weekly because AS likes a Thursday!

Yes. Let's let the mega-rich get richer by removing any tax on their vast pensions!

No but you are obviously in the Rampers FUD team!

As usual, StarBright is talking sense. If you look at the url below it looks mightly impressive to me with licences bringing in plenty of cash from Amgen, Janssen, Takeda, Horizon and GSK. I bought shares at $88 in Feb 2021 (almost exactly at the height of the Biotech high!) which I have sold at a loss. The price of that company is now around $30 because for all the drugs in Phase 3 they have not got anything into production yet.

https://arrowheadpharma.com/pipeline/

I am indeed. It's Joe Bloggs!

Joe. You might make a lot of money from this share but you also might lose everything you've put in. If you can afford your holiday without selling then I would leave it in but, if you can't, sell up and have your holiday.
It sounds as though you have a few more shares than I do as I am £300 down on my 2000 shares bought at 140 and I think you said you bought at 141 but if losing it meant I couldn't go on holiday I would sell in a flash.
You certainly aren't the only person worried about losing hundreds of pounds on a share. It might be nothing to some on here but to normal people it's not insignificant which is why the vast majority of my money is in savings accounts. It's meant that I will never be rich but I'll also never be poor and will have peace of mind.

I hope you're correct, especially as anything that could help people with cancer would be wonderful, but that is an opinion not a fact.

It seems to me, that money makes greed, however much you have!

It looks very promising but I've followed another US biotech that looked even more promising than Avacta with multiple drugs in Phase 3 (one for Hepatitis B) and they all came to nothing so, promising or not, there's no certainty. The forum also had many people as certain as many on here so I take everything (positive and negative) with a grain of salt. The point is that I might invest £3 million if I was worth £100 million but, if I was, the last thing I would want to bother with would be investing! I'd be enjoying my wealth!

It might and it also might make some people very poor. I have a couple of thousand shares but I wouldn't put more than a very small percentage of my worth in any share. I value my current standard of living too much to risk throwing it away. However, if I had in excess of £3 million, I wouldn't have the slightest need for any more because that would not only make me secure but also my children.

Beats me why anybody with £3 million to spare would want to gamble on any share let alone an AIM biotech. If I had £3 million pounds it would give me a comfortable living for the rest of my life!

Have they gone or have they not gone? Does anybody know for sure?