That's okayThis market is unsophisticated and very much black &...

That's okay

This market is unsophisticated and very much black & white, so it illogically prices stocks like Biota in a knee-jerk fashion - this suits the swing trade/day trade style of trading.

When entering a stock like Biota, one must bear this in mind and decide whether one is going to keep their finger on the trigger every day, or whether they have at least a medium term view about the stock.

We know that Inavir is going to be the bees knees. We know that management are not doing us any favours in regularly promoting the company to take advantage of its situation in the market. Today's announcement had no info that we did not already know about.

So to take a loss or minimal profit at the moment should be a decision based on your trading style, not a decision based on the irrationality of how the market prices a stock without any change of news.