Hi,
Genetic Technologies was not the only quality Australian biotec to get hit Friday. I noticed Mesoblast was also hit and was asked by the ASX to give reasons for the drop. Mesoblast responded by listing all of it's achievements and could offer no explanation for the drop.
It seems the more desirable a speculative stock is today, the greater the selling pressure.
When the share price in on a downward spiral, it is of course counter intuitive to hold and accumulate.
DYOR
Regards,
what is going on?, page-5
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