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As the saying goes bulls make money, bears make money, & the pigs they get slaughtered. So let's discuss the bear case scenerio. Covid is not ending, but every passing day shots are being given to millions of people which means less market for Covaxin. Some might argue that there is still money to be made if the demand is there, but how much would OCGN make in reality? Enough to justify it's stock price? Remember their main focus throughout the whole year & last was EUA in the US & Canada which hasn't happened. Another argument could be that Canada might be more inclined to give EUA after WHO approval, but according to a quick google search over 75% of canadians are fully vaccinated. Not to mention OCGN needs to pay 45% to their partner for every vaccine sold. I am greatful for this stock as it has made me 40k, but I just don't see OCGN holding the stock price above $9.
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