understanding value, page-24

Some good trading for some people today.

The way up is never a straight line. The old saw tooth pattern again.

BUT... I think it's worth keeping in mind what we have here. Huge $1+ potential.

It's easy to think "wow 2.3c - that's a lot". But whilst it is higher than it was, the true value here should be 10c at least. Even then they would be cheaper than their peers, with two funded phase 2 trials, and so much potential.

At the moment it's a bit like buying $10 notes for $1.90. Sure somebody might have made a good profit today, buying for $1.90 and selling it for $2.20. But it's still a ten dollar note that they have sold for $2.20.

The value will come. It normally does.

Buy & hold.