TLC – Update
Last posted about TLC in early March. I was looking for a gap fill around 4.85 and got it. There was a quick pop but then the stock drifted lower until a major selloff took place over the last month. No news, just the fact the Taiwanese stock market had a 15% drop. I have been patiently waiting on news of a number of their pending drugs and this morning came approval in India for one to treat Black fungus, affecting many Covid patients there. Stock is exploding higher. If you got in on any of my previous posts congratulations. Given the numerous other drugs in the pipeline I would not sell into this rally. This is a relatively small capitalization that should lead to much higher prices a year or so out.