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Unexpected price movement in Cassava Science (SAVA)
31 Jul 2021 (267 views)

I invested in Cassava Science (SAVA) several months ago and made a good profit. Since then, I did not hold any stock.

SAVA moved up from $63 (USD) on 1 July to $160 on 28 July - or more than 100%. I learned that they had announced successful results in their clinical trial for a treatment of Alzheimer disease. 

Read here.

I was surprised that the stock price dropped sharply to $100 soon after the announcement. When the market opened on 29 July. I placed an order to buy the stock at $100 but it moved quickly to $120. I removed my order. It reversed and closed at $103.

The following day, the stock price dropped further. I bought 300 shares at $88, as I felt that the drop was excessive. The stock price went up quickly to $95 but reversed after that. It closed at $70.

Instead of a profit, I now see a loss of $5.400.

At the current price of $70, it has dropped by half from a high of $140 two days earlier.

As the news on this stock is positive, I will hold on to the stock for a month and hope to see a recovery and a profit.

Note - I am sharing my experience and personal view. I am not recommending an investment in this stock at any specific price.

Tan Kin Lian


Unexpected price movement in Cassava Science (SAVA)
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I invested in Cassava Science (SAVA) several months ago and made a good profit. Since then, I did not hold any stock.

SAVA moved up from $63 (USD) on 1 July to $160 on 28 July - or more than 100%. I learned that they had announced successful results in their clinical trial for a treatment of Alzheimer disease. 

Read here.

I was surprised that the stock price dropped sharply to $100 soon after the announcement. When the market opened on 29 July. I placed an order to buy the stock at $100 but it moved quickly to $120. I removed my order. It reversed and closed at $103.

The following day, the stock price dropped further. I bought 300 shares at $88, as I felt that the drop was excessive. The stock price went up quickly to $95 but reversed after that. It closed at $70.

Instead of a profit, I now see a loss of $5.400.

At the current price of $70, it has dropped by half from a high of $140 two days earlier.

As the news on this stock is positive, I will hold on to the stock for a month and hope to see a recovery and a profit.

Note - I am sharing my experience and personal view. I am not recommending an investment in this stock at any specific price.

Tan Kin Lian