RE: Destined to fail16 Dec 2020 12:59
Br3xiUK im a little bewildered by your post. although i always stand by that a chat board has to have both positive and negative views to balance on your thought process on holding, buying and also selling a stock. I always welcome this rather than the mindless ramping and deramping that plagues all stock boards (when volume is there) but your comment about chasing money. isnt this the real reasom why anyone buys any stock on the stock market? to make a profit greater than what a bank offers on interest? if it wasnt the case why invest at all? stick it in a bank and collect interest. for ones who dont care about profit then why not invest in charities? give money to good causes? some invest purely on financial gain others may back the company due to personal circumstances, e.g. someone in their family dealt with cancer and would like to help others in the future hence backing the company via buying stock.
i dont udnerstand your other comment on pandemic hype. this has nothing to do with covid or any treatments to do with it. why would AGL benefit from it? although sp doesnt truley reflex a fair value for AGL in my eyes but this has mainly been due to the FDA procedure and delays caused from covid related restrictions, like the clinicial studies and patient enrolement being stopped from lockdown restrictions. jupiter have sold millions of shares for whatever reason has hammered the price and had a constant selling pressure on the sp. without big news coming out these shares havent been absored from the main market yet as weve seen a few ii's have been happy to pay 40-45p for the stock flushing out jupiter(or possibly flushing them out completely).
i agree that there isnt any ground breaking news until FDA aporoval which isnt until next year, but if theres buyers out there this will rerate due to being oversold for several weeks-months of constanst selling pressure from jupiter.