The Dark Horse

Recently I saw someone raising a question on the community regarding a large number of CEMI investors posting losses on the CEMI community page.

Here are the answers..

Firstly, not every winner post their winnings nor all that suffered a loss post their losses.

For those that suffered a loss, there is a very good story and reason behind it.

At the beginning, $Chembio Diagnostics(CEMI)$stock was solely affected by its fundamentals, news and potential.

CEMI flew to a high of $7.35 due to a hype and its announcement on the potential FDA approval of its dual-purpose antigen rapid test for Covid19 and introducing the first & only FDA approved HIV-Syphilis Rapid Test , and most people bought the stock above $3 due to FOMO ( Fear of missing out ). After the hype, it crashed to the $3 range and subsequently fall further and fluctuate between the $2.45 - $2.74 range.

After the long wait, on Aug 27, 2021 - The FDA had granted emergency use authorization to (NASDAQ:CEMI) COVID-19 antibody test and the price spiked to $3.47 and fall back to $2.90 range and eventually dropped back to $2.70.

On 9 Sep 2021, CEMI had a sharp fall to $2.57 and spiked to $2.98 the next day and fell to $2.70 just hours after it spiked and subsequently falling to $2.68.

Those that did not take profit and let their greed get too far or fall for FOMO, both suffered a set back. This will be a lesson for the investors on both greed and fear.

Once bitten twice shy, thrice bitten sure die. ⚠️

Based on this company's potential on its research, innovation and earnings report, I believe this stock will bring investors a long way and also have a spike once every earning report released or good news.

Why is CEMI a Dark Horse? ⚠️

So what is a Dark Horse?

A Dark Horse is a candidate or competitor about whom little is known but who unexpectedly wins or succeeds.

Not many know bout CEMI yet it's very speculative, as CEMI have brought Investors a ROI as high as 150% and sudden spikes like a windfall from the skies.

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