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traderabcde

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25/11/22

17:31

Post #: 64995664
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Originally posted by Fat Harrys Cat: ↑

I don’t see any mention of timelines in that newsletter. So I don’t know how you could come to the conclusion you did.
I can certainly understand the frustration as time and time again Archer announces solid progress and yet, after a blip in the SP, it subsides again.
Believe me, one day it will spike…and never come down. I don’t think I’m peering through rose-tinted glasses but I’m sure that a breakthrough will come sooner rather than later.
Even if a magical breakthrough didn’t come, with each step they make, the team is adding value to the IP and to the patents. Maybe a giant like IBM will tap Greg English on the shoulder and make him an offer he can’t refuse.
It’s not my preferred outcome but it would be better than failure.
Archer’s story is quite unlike any other that I’ve read about. I believe it’s unique. That’s no reason to hold a stock, but it adds to the attraction for me.
I have to remind myself to be patient. Good things come to those who wait. I held stock in a biotech which will remain nameless. Shortly after I bought in, the SP plunged to almost worthless. I think at one point it reached 0.8 cents! I held on for 7 years. For 7 long years, every time I looked at my Commsec screen there was this big, red number. Then, one day, it took off and I sold enough to free carry quite a number. I’m so glad I didn’t sell earlier.
I think AXE has so much more potential than that biotech!
Have a great weekend everyone!
Back into the fray on Monday.

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The absence of timelines is the reminder, but I agree, our patience will be rewarded.

AXE Price at posting: 71.0¢ Sentiment: Buy Disclosure: Held
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Last 29.5¢		Change 0.010(3.51%)		Mkt cap ! $75.17M

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