Sulunz
both your observations get a big tick from me: major holders in any stock don't post on HC; and yes, there wouldn't be a virilogist alive who'd disgree that the virus can't evolve to become more deadly.
In fact, each new variant brings new challenges, and there is now an Indian/UK cross variant in Vietnam that is repsonsible for a new, rising outbreak there, where previously the pandemic was well contained. In short, this virus can become - is likely to become in my view - increasingly deadly with an increased contagion and mortality rates. As I said in my last post, think of the annual flu, but remove the seaonality, and include the strike rate that SARS2 has had so far, then increase it. That is, for all those nations that don't achieve herd immunity, even if fatality and infection rates have dropped signifiicantly in those nations that have had a good vaccine roll-out. Not a pretty picture. Of course, the worse case scenario for developed nations will only come if our vaccines become obsolete. But we can be assured that the virus will still prevail, because global immunity has not come quick enough, and since the virus is global, then there is always an environment for it to evolve, just as the flu does.
Needless to say, a successful antiviral will be a godsend.
As for selling half now, it's a two edged sword. Yes, this time of the tax year can result in further selling, but there is a good chance that pending results will come prior to June 30th (if Biotron have any dignity). Unfortuanetly though, our tax burdens etc. won't speed up the testing.
Personally, apart from any further tax selling, which shouldn't be great, I think we have found base. There was plenty of larger buys this week absorbing the sells, resulting in the price holding up.
Yes, Australia is lucky when it comes to this pandemic. Emphasis on 'luck' rather than well planned management. It's our 'tryanny of distance' that has been our saving grace. The unwillingness of the goverment to cancel the Grand Prix last year before it fell apart from infection within the participants, the failure to close borders with Italy and other European hotspots, and the disgracefull Ruby Princess saga, are just three significant examples of the mismanagement. Add, aged care homes, hotel quarantine guards having second jobs as Uber and food delivery drivers, and the vaccine rollout fiasco, and Australia has a hide to say how well they've managed all this.
Good luck indeed.
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Mkt cap ! $36.09M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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4 | 632000 | 0.037 |
5 | 388512 | 0.036 |
6 | 753214 | 0.035 |
4 | 646000 | 0.033 |
Price($) | Vol. | No. |
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0.040 | 236290 | 2 |
0.041 | 230121 | 4 |
0.042 | 117600 | 1 |
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