RE: WHAT ARE WE EXPECTING TOMORROW7 Mar 2021 10:56
sentiment only goes so far, 10 months ago, when covid was much more unknown, including its outcome and the development of vaccine, sentiment swung coivd related shares a lot. Although these days vaccine 'news' does affect the covid stocks some, it is now a decreasing effect.
Its now facts that will swing covid SP, and for a manufacturing company, it is orders, and good news relating to products that they manufacture. In addition to validation of strategy and the ability to keep to timelines.
Thus far ODX has a poor record in all the above. some of the Covid related products they decided to invest in have died a death. In hindsight in a world that either wants qualative or quantitive tests, in the visitect antibody test, they picked an LFT that gives indications of 3 antibodies, a middle of the road test that it appears no one wants. They went with the RTC consortium which was a brilliant decision, but has turned out poorly at this time.
In terms of timelines, the mologic TT is badly delayed for reasons unknown, they hung their hat on MHRA for the RTC test, and that has just vanished.
So when a company has a history of decisions not working out, when you have a decision to rapidly ramp up capacity, less and less believe in the story (the story haven't not worked out thus far), and now need actual firm and significant orders.