This one represents amazing value at under 1.40. Rallied to $3 previously in 2023 on the hopes of FDA approval, even though if didn’t come for some time.
Recent price move to 2.40 was sold off by traders who had been holding in pain prior to the cash raise (IMO) I sold a small portion at 2.40 to lock in some profit myself…
Profit taking with not much buyer depth made it look worse than it was. Only reason it dropped so far was because there are plenty of holders but not buyers. Will take care of itself when there’s some solid financial results to look at or any more big buyers come sniffing around. not many shares being offered for sale under $2 for sometime…
Holding the remainder, not worried, next profit take at $4 I reckon.
Easy opportunity to make 100% ROI within 12 months for anyone looking at buying more at this price IMO. Look at the pros/cons…FDA approval, massive American market opened up, plenty of cash in the bank, big contracts being signed, no barriers or roadblocks in the way, company is not new on the scene.
CYC Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
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