$ECHOIQ LTD(EIQ.AU)$ It's any time now...
EIQ corrected together with the rest... but I am willing to wait. As I had shared a couple of times weeks ago, a FDA announcement is imminent. Even the correction was there, it was not as bad as the rest of the market. People holding it probably are all waiting...
The question is who sold? I have no clue to be honest. Borrowers? Weak hands? Speculators? Definitely they are everywhere, especially EIQ share price has been on the year this year... obviously it felt good taking profits off the table rather than holding on to losses when the announcement didn't turn out as expected.
Any time now, the risk of both upside and down are there... I have low enough base to be glad. For those who are not yet on the journey, you could either nibble a little, or wait for the actual announcement to decide if you want to join the ride. If the announcement is as expected (good outcome), there's a long runway for this company to develop into the next Australia based medical platform giant... obviously again, only time will tell...
@Tiger_comments @Daily_Discussion @TigerStars
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