Look it's pretty simple.
Before today FDA approval looked like a highly possible outcome. Today it looks less likely.
If you are averaging down, dont kid yourself you are taking on more risk. The market punished MSB over increased FDA approval uncertainty and rightly so.
It really annoys me seeing people proclaim that ""fundamentals haven't changed". This is a pharma business that lives and dies on drug approvals, so if an FDA approval process isnt fundamental I don't know what is.
See you in 6 months.
Anyone else buy in after todays dip/crash?, page-126
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Last
$1.19 |
Change
0.085(7.69%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.20 | $1.09 | $13.21M | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 75212 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |