RE: Oversold and Materially Undervalued25 Mar 2022 02:25
Without wanting to repeat info that has already been said many times, SO is still selling. We thought he had stopped but he resumed again with a connected holding. Given the volume of the last couple of days he might be out but more realistically it may take a day or two more. Shorters have jumped on the back of this no doubt. However, the SO selling will stop VERY soon. Shorters will need to cover (buy back) and up she will go. Placing, if/when it’s needed, will not happen at these low levels. There is no urgency at present and by the time it’s needed (as these pharma’s do burn through cash) we may be looking at a buy out anyway. US II’s are buying in already. Wait until SO is done - today/early next week, and see what happens….
Personally, I just keep adding. Current price is astounding IMV but do your own due diligence.