Hopefully some of the stratospheric runs that a few tech stocks at this end of the market have had very recently will see a few more running the ruler over WGL as potentially the next to take off.
It is looking like the market has grown weary of the whole bio-tech scene due to the path to commercialising can take several years with very little news to sustain the valuations. We might be seeing the start of the next tech bubble.
Just a sniff of an enterprise deal or bankable revenue stream is all it will take for this to have a run as well. Hopefully an update on release date or performance improvements this week will land whilst the market is in this tech feeding frenzy.
WGL Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
