I bought into this one in December for 29c so I am very happy with the current share price. Hopefully trials will be a success. I am holding and seeing where it goes. I think Biotechs will become more popular as people start moving out of the mining stocks.
I was given the AVX tip from a broking mate just before the Share Purchase Plan @ .20c late last year but I stuffed up the settlement date and just missed out on it. The shares were about .27c at the time so it was a no brainer and has gone north ever since. I was spewing at the time but kept holding my parcel and now look at it.
I don't think it has finished its run just yet. I read yesterday in FR I think that a valuation of 90c was attributed to it by one of the big broking houses. I don't hold the stock but i agree with the comments thus far that biotech sector is set for a big year as a lot of the companies are getting ther trial results out
Well Ive only just bought in...hopefully not too late.
Im happy with what i am seeing and reading about them...so going to take a punt and hope it pays off.
I also agree that bio stocks will be the next to take off after resources slow.
Its just a matter of finding a niche market.
I also hold shares in CUV
Looked at buying shares in ACR...but ran outa money:>
Im also not too convinced that my money would be a good place with them...so I placed it in U stocks instead