Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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Times pass and we have no choice but to change with them or perish.
The links demonstrate a number of important things including the disappearance of one or more priorly operating chains. Additionally, I have to wonder how attractive these properties will be, Retail space has to be undergoing a massive process leading to devaluing. Thus, I'm not so confident that Ascena is deserving of as much value as some will insist.
Timelines mean everything now. Seeing stances in the links, some dating back 5 years---has me not trusting in the veracity underlying the purpose in displaying the material.
I am a stock holder in ASNA but I'm not confident that my investment will work out as hoped.
Worse, the pandemic is definitely the realllly big elephant in the room and it may take much longer to resolve retail issues than faith, hope and money may devour. There are times when all the logic in the world won't necessarily dissolve realities not so easily dismissed.
In a different world not beset by a pandemic killing thousands upon thousands around and among us, retail businesses might have a greater chance of surviving but I'm not here hoping for survival. I want to see my estate prosper.
Last night during after hours I added at $1.80---got lucky. This morning I continued on the accumulation trail paying $1.94.
It was obvious to me (and many, many others I should think) that when Edelman's Perceptive Advisors piles on with a doubling down, we little retailers should take notice and pile on as well.
So now I'm not thinking about adding to MNLO. Still have a few idle bucks but want to be mindful of upcoming opportunity to add to RCEL position which will soon launch its reverse split. I expect greater clarity next week (Monday) when the announcement re. redomiciling occurs.
As of today I now hold 200,000 shares of MNLO with a cost basis of $1.83.
If anybody is interested, you might look into Joseph Edelman's background. He heads up Perceptive Advisors. When I saw that he'd doubled his position in MNLO I knew I had to add with fury. Since then I've added six thousand shares and am very pleased that I did.
As for my expectations? I expect we'll be in the $11-$12 range per share in less than a year. Sales of our first commercialized drug are strongly exceeding earlier analysts' expectations. With drug#2 receiving FDA approval with no dissent along the way, I'm very confident.
Good luck everybody!
P.S. My reasons for posting my position size and cost basis have nothing to do with a boast. To be clear, I enjoy the privilege of having a group of followers who have come to know me somewhat. I post my numbers so that readers here will recognize that I'm committed in my quest to hold as many MNLO shares as finances allow. In other words, this is a very serious wager for me. Some others may deduce from this that I'm really, really, REALLY serious about this!
You bet I am!!!
lolol
Yes!
I'd rather chase gold than copper, anyway.
Interested invested longs will appreciate that MNLO gained 14 cents in the after hours period today.
It doesn't undo all the damage resulting from today's regular session
but it does suggest that somebody there likes us at least a little bit.
Here's to tomorrow being our Day of Reconciliation. I know I certainly need it. This day was brutal for me.
Good luck to all of us on the morrow.
See you then.
This is great to learn! Edelman's Perceptive Advisors is the best biotech fund anywhere. So this makes me feel pretty darned good.
For the sake of visibility , I closed today with:
Shares of MNLO held: 193,000
Cost basis: $1.826
Thanks to after hours activity it appears I'm back in the green after having slipped underneath at the end of the regular session.
Tomorrow may bring us a smile!
Actually I've admired you for showing guts.
Stoopit, maybe, but courageous.
Just kidding. You're very sharp and self-trusting. Both are important when it comes to investing.
When it comes to timing, none of us is gonna be great. We do the best we can.
As for RCEL moving back up? Of course it will! And if we drop further next week I'll be buying.
Looking forward to more fun.
I was feeling bad for you today. But you couldn't have seen this debacle unfolding when you bought.
They say everything in life is relative.
I'm filing for a divorce. Today is no relative I need. lol
RCEL may drop still lower next week. I'll be ready.
The market is in a shambles today and there's blood in the streets and everywhere else, it appears.
I'm watching RCEL very, very carefully. We're at $6.17 at the moment but I'm thinking that we will prolly see lower prices still come Monday as a result of the meeting.
So my buying spree has focused today on accumulating more MNLO (see the IHUB board for more info) but rest assured, I'll be moving in for the kill if and when RCEL drops to sub-$6/share.
I'll be reaching for 3,000 shares to add to my current 62,000 RCEL shares.
Covid-19, we are told, has been impacting on Avita's fortunes, responsible for the hold-up in obtaining Japan's approval. Additionally, clinical trials are slowed considerably in other clinicals due to the pandemic.
We will prevail but some of the current market-wide pressures will have to be sorted out and any relief should restore confidence and fresh opportunity.
Good luck to all!
I support it. It will not affect my ownership numbers other than for cutting the pie into fewer pieces.
Believe me if you can---but with each order I'm thinking only of what I'm expecting longer term. How many shares I hold doesn't factor into things, only position VALUE matters.
So now I'm at 190,000 shares. If we experience a 1:7 split, I'll have 27,142 shares or so. I'm thinking that might be the upper limit of the proposed reverse. And each share would then fetch nearly $14.
How we divide the pie isn't meaningful. It's how many are at the dinner table eating it. With increasing demand in the marketplace, we'll do great, I'm certain.
Still, it is for every investor to plot his/her own course. I trust all here will readily recognize that and follow suit.
Good fortune to you!
Many investors are running for cover with the market tumbling around us.
Some might say I'm a contrarian but I certainly don't see or glamorize myself that way.
I'm not the boldest investor nor the richest by any measure.
So what gives?
Simple---I smell handsome gains later this year.
Granted, I can wait as I'm not under financial pressure. Too, I'm not using margin; instead, I'm financing all my trades myself.
I'm not buying any other stock, only Menlo is on my radar. I view it as the fire-sale bargain of the day.
If I'm right, shares will soar later in the year. Covid-19 figures into things for sure and I'm not any more well informed medically than others here on the board, I'm betting. So maybe MNLO will need a few more months to realize fairly unanimous projections? I'm OK with that as I'm not going anywhere.
Whereas I'd projected that shares would be around $11 at year end, I'll be happy even if our top is a mere $4. This would be ridiculously cheap for a stock going commercial just this year! On top of this, we now have two drugs with one already blowing earlier sales projections out of the water and drug #2 received FDA approval before the earlier-established review date. And then there's drug applicant #3 in the pipeline with excitement building already although not yet in stage 3 of the ongoing clinical.
So I'm putting a lot of eggs into this play in the belief that by year end the worst of the pandemic will have concluded. There may be a vaccine by then. Either way, it is my expectation that your everyday American will have accepted that we've got an elephant in the room and we damned well better accept it as part of our new reality.
So then---here's my situation at the moment:
I topped off the tank today with a thousand shares at $1.98 and now hold 190,000 shares with a cost basis of $182.6.
I'm very happy that I've got this position. I'll be happier when I see things straightening out politically, medically, economically and in other ways, as well. Until then, the wife and I are laying low, blessed that we are old yet in perfect health.
Life doesn't get better than this and we are as happy as could be.
I do hope folks here will reach out and ask for helpful suggestions and whatever concerns you. This is the time to reach out.
And this is the place to do it!
Good fortune to all!
Agree completely.
The reverse split will likely hand you your price. Hang tough and wait for shares to come to you.
Good fortune to you!
Someone once told me that the problem was me. That I was using an overly broad brush to paint with instead of getting down and dirty to understand what's going on.
Things happen in:
1. The world we
2. America
3. Drug sector
4. a particular stock pick
5. My temperament affecting confidence
Feel free to thank me or hate me.
But your cost basis will be fantastic if we hit this out of the park.
I'm banking on it.
Good luck!
I don't pump.
I got 1,000 filled last Nite on b a GTC + EXT. at $2.02. I wasn't able to rescind the order in time.
Today I've added at $1.96 down to $1.93.
I'm now sitting on
187,500 a HG area of MNLO with a cost basis of $1.825.
Of course I have to agree with you but such is how things go on Wall Street.
I like that you're adding things up as you are and sharing on this public board.
Some of us are struggling to stay abreast with RCEL and, now--- MNLO.
Both are launching reverses. I had a standing order (GTC+ext.) for MNLO and, with the notice of the reverse, my order executed.
Although the bid was a lowball offer my hunch is that shares will go for even less tomorrow.
Such is the perilous joy of an exciting life. lol
No sweat. As I said, I made the same mistake.
No. That was the explanation given by Avita management as I recall. They were seeing $27-$30 as a realistic share price
At the worst. MNLO would do a 1:7 reverse. At $2.12 that would translate roughly into $14/share.
I made the same mistake, by the way.
Lol
I'll betcha they will!
Companies don't usually make ready for actions not in the cards.
Does anyone here read why MNLO's BOD has elected to promote a reverse split? I follow related published information but have not heard an explanation.
Thank you for help on this.
I don't believe the date has been published. I am expecting we will know on Monday.
RCEL is lower than has been the case recently. I'm not of the opinion that it's a result of simple profit taking. Rather, I believe it's investors anticipating a drop in share pricing as a direct result of the imposition of the proposed reverse split.
That said, I took considerable gains last week in another stock pick of mine and now am sitting on $25,000 to $75,000 of available cash reserved for acquiring more shares of Avita should they drop significantly.
I don't see any cause for concern although I don't especially enjoy seeing my portfolio numbers reflecting a large drop in perceived share value. On the other hand, I'm not worried as this company of ours has done nothing I find particularly disturbing.
So, then...next week I'll be ready to newly assess opportunity to add to my position. As for the size of the $ drop? I really have no idea. But I'll be on the job in premarket hours, you can count on that! And I'll be posting regularly throughout the day and days following in the hopes of being able to assist others as they and I, also, try to firm up our opportunity to secure a brighter future.
If the reverse split temporarily damages our share price, I'm thinking along lines of shares dropping back to the $6.00 range and possibly even lower than that---depending upon how clever shorts are as they attempt to bring down the company for personal gain and greed.
My unsolicited advice at this moment would be to hold off buying shares simply because they are 30 cents off yesterday's price. By this time next week we may well be seeing shares running a dollar lower.
Good luck everybody. I hope we can all pitch in and help one another preserve our estates while building for a firmer, better position tomorrow.
Why don't you brag, AH?
And I'm not referencing after hours.
lol
Yeah, watch it blow up in your face.
The market is telling us it values the company for more than has been recognized heretofore. This is pent up demand I refer to as decompression.
It's quite lovely, isn't it?
Nobody could possibly know. Anyone suggesting he does know is surely a fraud.
Things are setting up really nicely I'm thinking. Your previous post plus the seemingly delayed response to drug #2 receiving FDA approval without even a hint of dissent coming from the FDA panel---it all adds up to me in an interesting way.....
On Friday we saw a 9 cent rise in share price although we didn't hold much of it. But Friday being the week's day of reconciliation, this was to be expected.
Today, however, we appear to be restoring Friday's temporarily relished gain plus another gain of also substantial size. And unless I'm gravely mistaken, trading weeks tend to find Fridays followed by Mondays, and not another Friday. lol*
This is turning out to be a most enjoyable journey, isn't it?
*lol: looney or Lenny (my real name)---or both according to my wonderful wife.
It's rather obvious that they must have teeth in RR's neck, else they'd not be mentioned.
There'd be no point in settling convertible debt early---not at a time when financial demands are probably at their greatest right now as we lead towards launch.
As for disappointing---I'm reminded of something I wrote in a post last year---another stock:
Disappointment grows in the lap of unreasonable expectations.
Andy is one smart guy. He is extremely careful to not tip his hand, preemptively. Methinks he'll keep on keeping mum until he's got to display his moves.
I knew you didn't need the defense but there's somebody else here---
I needed to speak out against cheap shots being lobbed at one I deeply respect. This was for my own edification.
You are an amazingly healthy-minded individual.
Apparently our resident robin's breast is red due to defensive posturing.
Funny how opinions, when challenged, sometimes take on different character.
Len
You're impugning the very heart of this board by denigrating rickn23. You've apparently failed to pick up on what may be his reigning virtue---integrity.
Nobody could have been more upfront and deserving of respect than he.
In my opinion you owe somebody a huge apology.
As for your recognizing he's a very smart poster here, it should go without debate that he knows better than to think his moves could even remotely affect GNUS' trading pattern involving many millions of shares daily. And even if he could, he wouldn't for he is not a selfish man. He has given so very much to this board and its readership and he's never asked for anything. Lastly---he didn't have to divulge that he'd sold his position. Yet some will take for granted that he's not deserving of respect nor to be trusted.
How cruel some can be! I'm disgusted.
Because of rickn23 I bought into GNUS at 26 cents. I sold more than half last week for great profits and now ride for free. This stock was looking a bit tired to me so it was time to toast my 25 to 35 bagger. I can't speak for rick but he may have had similar feelings---but I don't know and won't speak for him.
But I will not forget his awesome gift to this board. He has helped guide me to greater wealth more than anyone else on this board. So I wish to say:
Thank you, rickn23!! You are one classy guy.
The chart itself states it's recognizing prescribers and not prescriptions. In this instance the chart reflects the growing number of dermatological physicians endorsing the efficacy of Amzeek.
This is a ringing endorsement indeed!
The money raise, as explained in Menlo's press release, is designed to pay for continuing clinicals---stage #3 of our next pipeline drug. While some will shudder at the very thought of an equity sale, I know it's how money is raised. It's surely preferable to piling on debt, wouldn't you say?
If you read the release, you'll find it all explained. Also, our company makes it altogether clear that there is sufficient funding to meet company expenses through 2021 which, right now, seems like a very long ways away.
There are some folks who may have missed the PR or simply didn't want to get bogged down by critical fundamentals. Regardless, I'm in the hunt for two thousand more shares. It's not a lot of money... hardly more than $4,000. Still, I want to protect my cost basis which is currently $1.81.
So, then, I'm eager to see if the market hands us a favorable deal in the morning. However, and it's a rather large "however"---there's increasing media pressure building as a direct result of our drug #2's FDA approval. While one would expect shares to gain perceived value immediately in a knee jerk response---instead we got a jerky response which I certainly didn't knee would be the result. lol
It's a case of me being the idiot. But I refuse to remain stooopit for long. So I'll be in the hunt early in the morn.
By the way, I don't have the link immediately available nor time to look for it but Seeking Alpha came out with a fairly good round-up on MNLO a few days ago, concluding it's deeply undervalued. The author also states he is holding a position in this fine company with unlimited potential.
Color me "SOLD" on Menlo. I've got a very sweet gain sitting there and I see opportunity for early retirement for those younger than I and who are prepared to weather the storm which---ridiculously enough---isn't even there! But not everyone will see opportunity banging on the door.
Good fortune, everybody!
Why are you posting information we all have readily available? Are you concerned we might not have examined our portfolio results?
So other than for that, you love USEI?
Just look at all the wonderful things Tony Miller has brought about!
Just look at how rich you are for having bought shares!
This is the most wonderful stock mon the market today---full of promise, full of great accomplishments and.....and...
Full of---
Of-------
Huh? Hey you guys in white coats---where are we going?
lololol
No way to know what the trading numbers mean. MMs have to close out the books at the end of each trading day. Reconciliations often result in confusing trading numbers.
MNLO cost me a bundle this week but I won't complain as I've got a gain of $34,000. And I'm expecting we'll gain ground next week.
We shall see.
Hard to believe this stock moved so strongly today.
I'm still underwater but it's not nearly as bad as it was.
I removed my post.
Thanks for alerting me
No, I didn't. Splain?
Yes. Too many trades today had me dizzy