Lets say market drops 500 points in a day, like it did in 2008 or 2009. How would ONCS act in a market crash, which some are predicting ? Oh; I know I'll get at least 10 thumbs down, just wondered what people think
from one who was in the market in crash of 2000? or thereabouts - my biotechs crashed badly and I was on margin so double whammie. so don't be on margin. i had a bad feeling before the crash and wanted to sell but back then I had a broker who discouraged me from selling and so I sold very little. now I know it is there job to keep you in.
Ditto - Same thing here with young Internet stocks here. I was trading in/out while the Internet stocks were imploding (1999-2000). My portfolio eventually hit ZERO after about 12-18/months.
I then invested differently in the Internet-crash another way by acquiring tons and tons of virtual real estate that was selling for mere pennies on the dollar. Fast forward more than 14 years and the Internet business/sector is monster business and I'm the CEO of a virtual real estate company with one employee (myself) that generates around 750-1m annually.
Sometimes you learn from your mistakes by looking at the same glass differently than you previously did.
catastrophic market crashes are rare, discussing what will happen to individual stock during that time is like talking about meteor strikes on earth. At that point in time each investor does what he/she needs to do to survive, the company like all other companies will survive and do what they do.
What happens if WWIII breaks out in eastern Europe. What a stupid question. The market goes up, the market goes down. Over time the market is up. If this is what keeps you up at night then I suggest CDs at your local bank and gold
In an extreme market wide crash, I'm sure the sheer panic would cause a small selloff, but of course there isn't a stock out there that would be immune to that. In a case like that ONCS would be in the category of the least affected stocks, as the correlation between a micro cap biotech stock on the OTC and the general market is virtually zero.
Sentiment: Strong Buy