1 year onJust over a year ago I decided to sell out of my ONCY position, and trade back my losses elsewhere... Getting out at CA$2.07 wasn't ideal, as in 2023, we'd seen over 4 bucks... I was down about a third from my breakeven after 20 years
In that time ONCY has cratered, and stayed down... the so-called inflection points have come and gone... the mBC data is complete... but where are the investors... where is the partner..? Where is the CEO ??
In the meantime I invested in BTC, CRSP, TSLA and traded a handful of other stocks... I'm happy that I've almost tripled the value of my investments in that time, but had I held onto ONCY, I would still be down something 40+%.
So for those of you who watch and wait for the big payoff, do take note that the rest of the market has been leaving the station for some time...
Even the analysts are only indicating a price target of $5 US or so, which is just over a 3x from here... why take the risk in this POS, which after 10+ years of "talking to big pharma" still seems as far away from a partner and approval than ever. If you have no money to run a Phase II to get you to Accelerated Approval, what is ONCY worth ? and the parternship with Adlai Nortye is meaningless...
ONCY is running out of cash... don't be holding the bag when it implodes... sell half, buy Tesla and see your money double in a year. Just sayin'