canadafan wrote: Unnotable is , to use his words FOS.
first, Onc has had multiple runs beyond a few days.
Most recent being a nice spike upwards of well above $4 ( usd) , last 18 months.
and near $8 ( usd), within last 4 yrs.
a quick trend check can verify that.
other point he keeps spewing utter 180 deg off base in institutional holdings.
As of year end ( for Q4), institutional holdings, both in numbers of institutions & volume much more than doubled.
Granted , not a large element to start with, but certainly not zero , and not declining.
I agree, the SP has been tenuous.
why ?
recall the spike Dec 20/19.( all in us$)
the SP was spiking from just about $1, to well above $4 within 2 weeks.
It was moving 40% to 60%/ day.
" what happened & why"
Three major drivers.
1. large short holding then ,.. short squeeze
2. Aware-1 speculation
3. Year end funds rebalance & insider buys
Why does the price fall back after jumps?
profit taking, shorting, etc etc.
markets do that.
The long game question, is what is the true value of Onc shares?
Books are written on " market values".
Step back from the question.
why would anyone buy shares of a company?
if Your answer is not " to make $" then you are in an alternative universe I know little about.
So, agreeing that we are here to make $ on our shares, the next point becomes when, how & how much.
Great book. " It's when you sell that counts".
Most investors, sell too late, or too soon.
Most investors, buy to late.
Back to Onc :
Analyst using forward looking math, based on projections, based on the most up to date data they are provided, from Onc have numbers of $6ps to $15ps.
Provided they accomplish various milestones etc etc.
All said & my bottom line.
I believe Pela works & its applications have been expanded last 12 months.
hence the additional co- therapy trials, with Irene, ( triple neg), leukaemia, CAR-t, and G.I. Goblet.
So, yes it is fun to watch day to day swings & the day traders having their way.
I'll wait, because I can.
The options are always, buy, sell or hold.
Two weeks ago, I was buying " more".
I hold a core amount. I have sold on the previous mentioned spikes. Only to buy back in in the dips.
My core holdings,? Partnership, Buyout etc & not before.
Well said CF