Good post mate, agree with your sentiments, yes I play in the...

Good post mate, agree with your sentiments, yes I play in the space a lot too. Im not referring to you when I say playing the HC anthem, Im talking about posters that claim "its the big boys trying to take your shares" "bots at work" "traders manipulating the stock" "paid down rampers" whenever their share price is down and cant say one thing critical about a company they hold. ie @ozgoldtrader . Go to any share thread and you will find these type of posters, posters that 99% of their posts are on the one stock, not diversified, so they are emotionally and financially attached, and blindly biased.

Its actually quite eye opening to realise that over the years there have been around 37 500 listed on the ASX, and only around 2 300 listed today, so only 6% of all listed companies ever are still listed, and of that small percentages of survivors listed only around 500 make money.

500 companies (around 20% of the current listed stocks, or just 1.3% of the all companies that have been listed in Australia) are profitable and paying dividends. Interestingly but maybe not surprising nearly half of their combined total profits and dividends come from just six companies – the big four banks, BHP and RIO, which are all more than 100 years old.

110 other companies listed (around 5% of companies listed today, or under 0.003% of all companies ever listed ) are profitable but pay no dividends.

That leaves the remaining 75% of currently-listed companies around 1,720 companies that are barely solvent and will probably run out of money at some point and suffer the same fate as the 33,000 other companies over the years that just dissappear from the ASX worthless.

Its quite dismal when you look at the reality of it all, but using that info just shows really it is so hard to get a winner, basically 98% of stocks listed dissappear worthless.

With this knowledge it helps you not get so attached and realise that its rare to get a winner, very rare, and the way OSL is trending is not the way of the stocks that do make it into that 1.2% of stocks that actually make it.

This is the whole ASX not just biotechs, but in saying that I made most my money from a biotech, CUV, still in biotechs now, I was writing on OSL back in 2021, hold a number now, you can check my post history. And yes its good to be well aware that most, 98% end up worthless.