Mea Culpa, strong start to year….wrong I don't make too many short term price predictions. But if I do, I try to follow up.
I thought with the end of year swoon, which appeared to me to be a lot of tax loss mixed with stale investors and regular market profit takers after a relatively strong 2H performance, that we'd see a decent bounce back to that steady $3.50 holding level in Jan. We're a month in and haven't been close to that level. As SPCEO often pointed out, the bull mkts old age was not going to help THTX and that seems to have been the case. Notwithstanding the decent relative perf YTD, it's not really sprung back strongly like I thought it would.
No news and mkt headwinds scuppered my price prediction. Wrong on that one! Now on to fundamentals driving the price.