Positive results the other day but price has dropped. Looks cheap now. DYOR

Good morning all.Please read my messages of Oct 2 and 4.i.e.I would have
bought as speculation @ 3.50 - now they are 100 per cent up.I did not buy
as no info.I am not interested in anything e.g.percentages.I buy a share at
x pence at sell at y pence.I would have bought at 3.5p as a calculated risk.
The company was not going into liquidation and was basically healthy enough
to support 2.00 p at the worst.Therefore,risk 1.5 p and upside @ 3.50p huge.The
general City consensus is that it is cheap at 7.5pHowever,I have no interest
as I lost a lot in Pfitzers which I bought at 32 dollors a share-Not penny
share. I now never buy pharmaceuticals - apart from speculative above.
Always remember the more it - any share-rises the greater the downside and
less upside.I suggest no one buys it.However,I think it will go up a lot.

ajren, good spot in the first place.

However I am slightly confused by your last post, especially the "I suggest no one buys it", followed by "I think it will go up a lot"!

Also a good guide to fall back prices can be the amount of cash in such companies. With approx 8m in the bank this equates to approx 4p per share, so I think your 2p per share is a little on the low side.

The biotech sector seems to be recovering. More mergers and a few success stories in Alizyme and Acambis. Also article in the FT today about sector showing signs of life.

so does it mean now is not worth to buy to take a risk?

7.62p now
100+ per cent rise had I bought @ 3.5 p.This and Corus are typical of my
speculative buy - minimum downside/high upside - trading.However,I - like
everyone - back losers e.g.Rolls-Royce 6 months ago.I had bought for different
reasons.I made a small loss.If I had waited I would have made a huge profit.