fjifcm - you are far from alone in being sucked into the hype of a bio company.
i lost a fortune in PSD a few years ago. . .. . received a tip from a mate, looked at the company and thought "well, its future looks really exciting. Admittedly, it's very hard to see why it should be valued by the market at $300 million as the value could prove to be anywhere from $0 to $billions. . . .but the market couldn't get it grossly wrong." . . . or so i thought.
in fact - the market had got PSD grossly wrong. Was $1.22 then, is about 10% of that now.
Now - I research harder, I talk to any experts that I can find (and not people who think about the stock market every day - rather, people who think about the product / industry everyday). . . .and I trust my judgment rather than short term market fluctuations.
I don't post too often on sites like this as nobody seems to like a negative voice. However, at a time like this, when IMI is running on nothing but puffery, I do try to lend a hand in the hope that I can save one or two new guys from learning things the hard way like i had to. . . ..
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Mkt cap ! $14.99M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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9 | 4247486 | 0.004 |
5 | 7005009 | 0.003 |
4 | 13945024 | 0.002 |
4 | 37300999 | 0.001 |
Price($) | Vol. | No. |
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0.007 | 9239501 | 9 |
0.008 | 6348799 | 4 |
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