This is MY favourite biotech guys! It has a PROVEN product with sales all around the place already.
I have no position in it as such but I watch it on a daily basis.
I've noticed it has consistantly been sold down lately and by the looks of things it's going to $2.
My belief is that insiders are selling out because the half yearly report will be VERY dissapointing and this stock could get dumped HEAVILY. When that happens I will be looking for a long term buying opportunity but there is NO way I will buy before the half yearly because I reckon it could be a shocker goin on the last couple reports which have really dissapointing.
SRX - an awesome bio but one to steer clear of I think for now.
Any comments?
SRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held