It's strange mentality, investors are more happy to buy high and panic selling.
When I bought ISX at 18-20c with less optimistic posts, but share price shot to $1.6, now down to $1.07, more think it's a bargain to buy.
It would be repeated, EPT/PCK, 3c, was not good, now 28-30c, is a great price to buy.
Similarly to NHL, 3c, 5c, 8c, 10c, was not good, then 20c or higher, is a great price to buy......
Valuation is the key.
Currently ASX bio app stocks are valued at between $208m and $265m.
Another ADHD app private company raised USD$140m cash over last few years and sold a portion (just two markets in Japan & Taiwan) for USD$20m cash + USD$105m milestone payments + Free development costs towards regulatory approvals.
How can NHL is only valued at $68m?
Do your own math and priced in the risk factors.
NHL Charts, page-1757
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Mkt cap ! $3.295M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 21673428 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 15628165 | 19 |
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