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It's strange mentality, investors are more happy to buy high and...

  1. 34,354 Posts.
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    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.
 
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