really great posts/discussions guys!..thank you for your time and contribution..
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...just some of my thoughts....Personally, I did take some profits from the table when we had that huge climbed to $10....in this time and age it is a "must" action to reward yourself....the sp will come down eventually and I can always get back in/accumulate more when the dust settles and sp settles down....don't give all your profits back to the market guys....there is no need for it....there are so few opportunities these days in making some money on ASX, I believe we should be rewarded for our research and investment....
It is good to remember that sp may spike before the PH3 results release (OR PH2 for that matter!).....quite a few investors may want to exit completely as they are not comfortable to hold during that 50/50 event.....I was badly burnt few times already in my other bios investments on the trial results....these days I pay more attention to timelines.... my decision to hold through the results will depend on how much money I have in and if there are any profits in it already....if I am sitting on loses it is neither here or there....just sitting through....but when the holding has some healthy profits I am an active investor and watch it like a hawk.....
A lot of ppl were really smashed after our run to $10 and then the dreadful fall to under a $2....but really, nobody could know that it will take so long for the programs/trials to start moving forward and no one predicted that the short selling will be so vicious....there was a lot of money being made from shorting MSB....if you look at SRX they moved slowly over time to just under $10....and then they had this huge run to over $36 (I entered around $7 and sold around $13 from memory, but I know I missed the boat big time there - exited too fast!)....so really, no one could predict that MSB will not go north from that $10 but will go down and down to less than it was listed for.....
I am very positive being here and accumulating again in small parcels when money available...
cheers!
(20min delay)