There have been a couple of people bagging Metabolic's chaces of success with it's obesity drug. They have invested a huge amount of time to do this. No one in their right mind woul spemd so much of their time to do this unless they wished to buy after they drove the share price down. These people missed out on the way up.
Metabolic has some very clever scientists working for them. When they embarked on this journey with this drug they would have had considerable knowledge of what was possible to achieve in this area. No doubt they still have that confidence. So have a lot of large shareholders.
In the coming week there will be a lot of people looking to pick up and hold the share. Hence the volatility will be to drive the price upward.
Once the report comes through there will be few on the sell side. Just my thoughts.
MBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
