There will be some profit takers to clear out first.
The real excitement will come at the end of the month when the deal is finalized.
I am not worried about the short term though.
This is a long hold.
I want to see what comes out of the lab in the next 1 to 2 years.
The nice thing about biotechs is they have a habit of...
1. Being pumped to crazy highs on nothing more than fresh air.
2. They sign billion-dollar commercialization deals with big pharma.
Yep, it's a long shot.
But if I wanted an excruciating slow grind upwards and certainty - I'd be buying ASX100.
Lets hope the people in white coats have some interesting stuff brewing in the chemistry kit.
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