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Mell, for me, the single most important parameter that determines whether I should pay attention to a stock tip is HOW you first heard about the stock)s) in question.
How did ARRY come to your attention? what date?
How did VCEL come to your attention? what date?
Hey mell, not trying to rain on your parade, but I think it was you who frequently touted OXGN. Whatever happened with that one, it seems to have went bust.
I do like this model, though. We used to use it in handicapping, if you could average your plays @ +200, you only need to hit 35% to be profitable.
So if you're gunning for 2x-3x gains, you can afford two out of three to go bust, and still turn a profit.
Was oxgn the company with the diabetes drug, or something similar?
Sad because there is a real need and I have been toying with the idea of putting a little into MNKD, who are now the only company for inhaled insulin (Affreza goes into the lungs which I consider inferior to GNBTs buccal delivery due to more side-effect, but there are so many needle-phobes out there that they may have a decent market soon). If MNKD can ramp up Affreza sales and make it affordable/fully reimbursable, why would people choose the needle?
giving me the biggest loss I've ever eaten erasing all the gains and some,
The market will be at 30,000 by December.
No one ever loses in the market or flipping shacks.
mell saysgiving me the biggest loss I've ever eaten erasing all the gains and some,
Got a dollar amount?
Mell,
I'm looking at both of these stocks, and here are my opinions:
VCEL - This stock probably had a reversed split. Otherwise, it went from $100+ down to where it is today. You can make an argument that it's forming a handle at today's prices before the break out? From the numbers, this stock is way too speculative. Of course it can be a 10-20 baggers, but it who knows. One shouldn't gamble with this stock on the money s/he can't afford to lose.
ARRY - Looks like it's forming a handle too before a break out?
Good luck.
The market will be at 30,000 by December.
No one ever loses in the market or flipping shacks.
mell saysgiving me the biggest loss I've ever eaten erasing all the gains and some,
Got a dollar amount?
Mell,
I'm looking at both of these stocks, and here are my opinions:
VCEL - This stock probably had a reversed split. Otherwise, it went from $100+ down to where it is today. You can make an argument that it's forming a handle at today's prices before the break out? From the numbers, this stock is way too speculative. Of course it can be a 10-20 baggers, but it who knows. One shouldn't gamble with this stock on the money s/he can't afford to lose.
ARRY - Looks like it's forming a handle too before a break out?
Good luck.
Thanks for sharing Mell. If one is looking for an entry point, today is about as good as it gets. Yeah, one maybe able to squeeze another 10-15 cents to the downside for the bragging rights, but this is a good entry point. I'm going to trust you on your research and buy 2,000 shares today. IF it goes up 10 folds in the coming years, I'll be happy. If it goes to zero, it'll be a tax write-off. $8.5k is something I can afford to lose without losing sleep over it.
Good luck to both of us. ;)
Mell,
I did some research on the company over the weekend and didn't like what I saw so I exited my position at break even this morning. The company did an 8:1 reversed split in 2010 and another 20:1 reversed split in 2013. The company hasn't made any money since 1997. That's 20 years. At this burning rate, the company will run out of cash by the middle of next year. I've never liked companies that had to do reversed splits. I wish you the best of luck.
E-man saysMell,
I did some research on the company over the weekend and didn't like what I saw so I exited my position at break even this morning. The company did an 8:1 reversed split in 2010 and another 20:1 reversed split in 2013. The company hasn't made any money since 1997. That's 20 years. At this burning rate, the company will run out of cash by the middle of next year. I've never liked companies that had to do reversed splits. I wish you the best of luck.
The reverse split/ticker change and poor past performance are points I cannot argue against. The changed mgmt and focus though since the ASTM days and have strong revenue growth. With deferred revs Q4 could come in profitable and 2018 should yield 100MM revs at break even if not profitable with both MACI and Epicel growing. A 130MM market cap for a company with 100MM projected revs is extremely low. Many biotechs split a...
mell saysE-man saysMell,
I did some research on the company over the weekend and didn't like what I saw so I exited my position at break even this morning. The company did an 8:1 reversed split in 2010 and another 20:1 reversed split in 2013. The company hasn't made any money since 1997. That's 20 years. At this burning rate, the company will run out of cash by the middle of next year. I've never liked companies that had to do reversed splits. I wish you the best of luck.
The reverse split/ticker change and poor past performance are points I cannot argue against. The changed mgmt and focus though since the ASTM days and have strong revenue growth. With deferred revs Q4 could come in profitable and 2018 should yield 100MM revs at break even if not profitable with both MACI and Epicel growing. A 130MM ...
@E-man climbing fast but it's not too late to get back in ;)
@E-man they had a very bullish investor conference yesterday. No competition on the horizon for years. Should reconsider ;)
mell says@E-man they had a very bullish investor conference yesterday. No competition on the horizon for years. Should reconsider ;)
C'mon @E-Man, last chance for sub-$5 :)
Both ARRY and VCEL hitting close highs today. VCEL is going to $10+ in 2018.
VCEL at 2:15 mark: http://abc7news.com/health/life-saving-innovations-on-display-at-jp-morgan-healthcare-conference/2915266/
mell saysVCEL at 2:15 mark: http://abc7news.com/health/life-saving-innovations-on-display-at-jp-morgan-healthcare-conference/2915266/
VCEL hit 6.35 today, going for a triple. Stil a $10+ stock in the making. ARRY aiming at $14.
Did you see this
https://www.washingtonpost.com/news/to-your-health/wp/2018/01/24/marijuana-based-anti-seizure-drug-may-hit-u-s-market-in-2018-after-strong-study-results/?utm_term=.7dd564b9fc42
Potential for rescheduling right there, if FDA rules that there is medical use, in the current climate. With some months of sales data in Colorado and Nevada etc. And tax data and sll these instances proving cannabis the cure for the Opiod epidemic.
NJ racing towards rec MJ
VT legislation outright decriminalizing on their own recognizance
Republicans are in charge of the entire government. They need to quit pissing around and reschedule so we can get in the game before Canada locks down the global market.
OK, I placed a limit order for 1200 shares of VCEL at $8.20. Will probably execute tomorrow.
It goes against my rules of buying only stocks with good p/e and paying a dividend. Purely a momentum play. Also, I know mell and think he probably knows what he's doing.
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