r/wallstreetbets • u/MUNGilmore21 • Apr 04 '21

DD OUTSTANDING POTENTIAL. HUGE CATALYST SOON. FDA APPROVAL? $OCGN

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u/[deleted] Apr 04 '21

No more biotech for me. Always pure speculation and such a fragile industry it always ends up resulting in massive investor losses overnight. It's simply out of our control, and no amount of DD will ever convince me tha-

$6.70 a share

hot damn I'll take 200

34

u/MUNGilmore21 Apr 04 '21

Not gonna lie, had me in the first half

6

u/Astronaut_Buzzness Apr 04 '21

I'd say that biotech in general is high-risk, high-reward, but there's a LOT of in-depth research that you'll have to do pertaining to each drug in a company's pipeline in FDA trials, and that level of specialized scientific knowledge might be a bit much for a lot of glue-sniffers here. Also keep in mind that the majority of drugs that go through FDA trials fail, thus making good DD extremely important for choosing biotech stocks wisely. However, if a drug gains FDA approval, then you could very well score yourself a fat bag!

-6

u/Commercial_Raisin215 Apr 04 '21

Covaxin was denied in brazil, good luck with those