Smart money waits until risk is mitigated i.e. results are known. Look at any chart of a huge pharma companies. Go back a few decades and you will see huge pump and dumps that look minuscule now in relation to the price the company is at now. It looks like a tiny blip on the chart but when you zoom in you see double, triples, etc fading back down and back up. JAZZ, ALNY, ISIS, GILD. Hell go to ETRADE look at the historical chart for GILD a few decades ago. You can't even make out the movements but it doubled, tripled and faded so many times. Not saying this will be Benitec but a pattern emerges on most big pharma companies in the early stages if you look hard enough. The pattern is early stage micro-cap bio-techs almost always pump and dump before concrete data emerges and then the price eventually stabilizes and continues upward movement if a drug gets approved. If the data ia bad and no drug approves they fade away into nothingness or get eaten up by big pharma.
- Forums
- ASX - By Stock
- BLT
- Hep c vaccine from.....Cuba?
Hep c vaccine from.....Cuba?, page-7
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online