Anatomy of a long term hold in a drug company
@taughtbuffet
Below is the long term chart of Polynovo, formerly known as Metabolic then Calzada before it's present day incarnation as PNV.
1) TB, new to the share market game reads the day traders thread and gets all caught up in the hype of Metabolics fat busting drug and without his Mum's knowledge uses his hidden cameras to steal his Mum's bank details, opens a Commsec account and invests her life savings in it . He reason's that he'll be a hero when the shareprice goes to $100 and he can buy her all of this drug that she needs( A lot he thinks)
2)The next day the share price plummets when the trial fails. Taking advice from RockstarJones on the daytraders thread he gets an online loan and doubles down for the bounce.
3)Take further advice from Rockstar Jones he sells everything. At this point his Mum discovers what's happened and changes his name by deed poll to Dickhead.
4)The share bounces and ignoring Endless he buys back in just before it plummets again. At this point his Mum once again discovers what he's done and changes his name by deed poll to Double Dickhead.
5)The 'Lost Years' 2007 - 2017. Double Dickhead goes back to riding his adult tricycle around and around the caravan park.
6)Double Dickhead accidentally opens a letter from a mob called Polynovo who want money. Not realising they'd changed their name twice since he originally invested Mum's life savings he shrewdly gives them some more.
7)Mum looks at her Commsec account and changes Double Dickhead's name back to TB.
8)Mum gets her $48.60 back.........?
