Looking at a peer in the medical equipment field, Polynovo (ASX: PNV), I wonder if OSX is in for a similar journey. It took PNV four years to go steadily from the $0.20 range to a high in the early $2s. It then crashed and hovered at less than 10 cents for seven years. It then took off in 2015 and over four years to the present, went up to the $2s again. Not that they are similar products, but a similar story for OSX would make it a very long wait to see the same kind of returns.
My initial thinking about OSX was as hopeful as the publicity around the IPO, but I admit that part of my thinking was influenced by the hype, and part by the hope that the company had lots of plans and announcements waiting in the wings and would make them public them shortly after listing. It's very early days yet, and I'm still prepared to be patient, but being underwater is always a test of resolve.
OSX Price at posting:
79.5¢ Sentiment: Hold Disclosure: Held
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