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2.6¢ benitec biopharma limited

The Benitec disaster., page-10

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seanl

6,272 Posts.

494

07/02/16

19:39

Post #: 16962171
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Originally posted by piojoazul ↑

Not only has sentiment in this company been in the outhouse since August, it has for many. We are in a global slowdown. US markets are getting ready to have another major crash and Tech and Biotech are taking the lead. All you have to do is look at any chart and see that the bio-bubble burst. ALNY for example is off over 50% from its June high and my guess is this thing will keep deflating.

Even if we get a best case scenario moment for Benitec those new market forces are going to limit the upside potential. Everyone is going into risk-off mode and the M&A buying frenzy is coming to a close. I am not trying to shift any blame away from management, I'm just saying that in this new environment even if they made all the right moves we might still be hurting. I still believe in the science and am still holding, waiting for our day in the sun.

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That's if the sun is still burning by the time we get our day ...

BLT Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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