Originally posted by Asimpletonne
I get that someone would have that view,(waiting for the science ect) but at this is the game of speculation. Its always been the view at this end of the market that the smart people wait and see the science, results or confirmation of concept before entering. Others are trading or willing to take the extra risk and getting in early for a much bigger reward, doesn't make them smarter or dumber just different view on risk. The conversation should be a civil one and should simply be "i appreciate the view of others and i wish them well but I'm waiting to see some confirmation before entering. The reverse should also apply. Its also pretty obvious that some are venting anger at a loss position or the fact that they have missed out.
I had a price re entry of 11c where i felt it was over done and reasonably priced for the possibility of a partnership or bigger deal.
At the same time i cant help but trade the momentum.
I personally believe that even if the science is not as convincing as we would hope, it's simply too much for a bigger player to walk away from. Some of the bigger pharma companied would spend the Bit MC of an office lunch. I personally think a bigger partnership is likely to help BIT see this through to some stage where others will be convinced to take it on bit time.
So I see two phases here.
1. A partnership to see the early stage results through to something more attractive for the much bigger player.
2. Once this is achieved a total take over.
All in my opinion. so do your own research and understand your risk profile.
Also, I entered at 3c.
More happy than less happy to risk it for the biscuit.
Less happy to than more happy to read another Davisite post.
#bringbackTez1
