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Stockwatch: Courage Under Fire

This article was originally published in Scrip

Executive Summary

One of the most frightening experiences I had as an infantry soldier was to come under, albeit simulated, mortar fire. Sitting in a damp ditch at night whilst the enemy threw what would have been high explosive and shrapnel at me gave me nightmares for weeks afterwards. In a very metaphorical sense, this is what the stock market for life science stocks feels like at the moment.