Post by
gemsearcher2 on Dec 10, 2020 10:42pm
hi !
i took up a position here today.... did some dd and figure that if this is real and if they get the Covid 19 rapid test kit approved, this thing will take off like unreal !
Looking back over the past few months there have been several "false starts" that just shows how fast this one can get moving.. So i figured i would sooner be on the inside waiting for the possible big news to hit rather than trying to chase it !
My belief is that even though there are now vaccines, there will still be a huge marked for rapid covid-19 test that can show results within minutes,,, the testing will still be needed my many countries for a long time.. so there still remains a huge potential market for this product line imo..
Another reason i got onboard here is because my portfolio is really top heavy in resource stocks and i need to diversify more.. so will just wait and see if i chose a good one :-)
But i like the current sp as an entry point because it has retracted pretty close to 65% from its high of 3.55$ and there is an established support base about 15-20 cts under us now which has held a few times..
Obviously the support would not hold with negative news but if there is not bad news then i think this is a pretty good entry point..
As always... we shall see !!
glta!.. gs2