Always going to be sellers. Not always due to the fundamentals
I have a few longer term positions and have to sell a small portion each month to pay the bills.It hurts but need to put food on the table.My short term strategy is not working at the moment which normally pays the bills.
Others see the next big thing, some in it for a cent or 2. Capital raise ,some just want the free options and happy to sell the heads.
If there is demand it gets absorbed but the CDX story is not attracting volume due to a number of factors.
My biggest problem is there timelines they advertise but do not follow through with.FDA approval by CES, now anytime from now till July
This could be a possible factor in others investing decision.
I dont know of any other stock on the ASX with such a exciting future as CDX. Need this FDA approval and i think the market mindset could/should change.
2020, page-2
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