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I changed my position. It happens I didn't think it would bypass the .0108 support margin afterall it was the same pre-pr price. OH well.
I sold yesterday and managed to get out at .011
Pumped and dumped. Plain and simple. :)
I plan to hold indefinitely
I said effectively because the FDA still needs to comment and monitor any trials (which have not begun yet) this is materially equivalent to the time before the PR. This is a panic downturn and will equalize back to the natural pre-pr .0108 sate IMO. No need to sell yet, the surge has just been postponed. IMO.
BMSN will stabilize and return higher. We're for all intents and purposes how we were when we were awaiting IND news. Which was the .0108 level. I'd hold still and wait longer.
He's got a point. Where do we go from here? I'm dumping everything I have the moment we get back to my breakeven point.
Your post is missing the word 'because' and by extension is just assertions and authority posturing.
Artful dodge. I applaud you. You should work for FOX or CNN. Fact remains that the expected news did NOT materialize and as such the price should return to closest line of defense : ~.0108 which is where it was before the news hit.
Why? What indication has been given to assert that? You come off as a pumper TBH without evidence.
There's absolutely no reason for it to do so. We're effectively in the same position we were a week ago, both in terms of price and in terms of the news.
"I'm not taking that chance considering the potiential of a big pharma buyout"
LOL said everyone on a biotech penny stock board ever.
I never denied that it's still an overall gain.
Like I've said before I'm long in this stock. However, I knew this recent gain was a misread by traders. So of course I had to capitalize on it. I also never said it would be sub pennies.
I just said it would probably return to it's natural state of ~.0108. And look it's heading there right now.
Well let's get the record straight here. Once again this PR was NOT IND approval. They were just given an IND waiting number and are still at the mercy of the FDA.
Second, if you had listened to me you could have realized ~30-40% gains and then bought in when it returned to normalcy. That way it would have been a win win you get your gains and you keep your belief in this stock's long term potential.
aaaaaaaaaaaaaaaaaaaaaaaaaaaaand crash :)
Say what you want about me. Maybe you can tell me how giving what is effectively an IND waiting number in a LATE pr is the approval you've been looking for.
Oh look the gains are evaporating. I would have never guessed...
Do you get that this is not IND approval? Call me whatever you want but that needs to be understood.
Alright 'ToTheTop' explain to the board here how giving what is effectively an IND waiting number is the news you've been waiting for?
Alright, does everyone understand this is NOT IND approval?
"As part of the clinical trial approval process, the FDA will issue comments on the proposed trial which must be addressed to the FDA's satisfaction before patient dosing is initiated."
"the company has been issued an IND number"
IND # =/= IND approval or go ahead for trials, or even the beginning of trials.
Alright, does everyone understand this is NOT IND approval?
"As part of the clinical trial approval process, the FDA will issue comments on the proposed trial which must be addressed to the FDA's satisfaction before patient dosing is initiated."
"the company has been issued an IND number"
IND # =/= IND approval or go ahead for trials, or even the beginning of trials.
Except it's not IND day. And weren't you spewing doom and gloom last week?
Well, unfortunately that was not the case. However, not everyone understands what the pr means (or really what it doesn't mean).
I'm just going to profit now from their mistake. Full disclosure I still maintain a sizeable position, just half of it is gone now :)
Enjoy the return to ~.0108 people.
Not at all, the PR effectively means very little. Beyond what was already known by process of deduction. This will return to the ~.0108 range until real IND news comes. In the mean time I'm cashing in on the 40% gain from people who don't understand this wasn't the PR they were looking for. The price will be back down. I of course could be wrong. Just my opinion.
Agreed, 100%
Sue me, I cashed in half of my position.
Citation?
Some credit is due here. At least now you've retreated to the vague that news will 'come.' Instead of direct predictions like "IT HAS TO COME WEDNESDAY I KNOW IT FOR A FACT'
Boring tangent. The people he worshiped in his posts described in detail how the material event was supposed to come last week. Which clearly didn't materialize. Don't red herring me.
Does their 'factual due diligence' include repeated claims that news is going to be 'in the next few days'
Let me guess, STILL no news?
No pr ..... still.
THE GODS HAVE ABANDONED US.
Alright! PPS projection time, alright everyone quickly fire out their predictions assuming a 8:30 positive PR tomorrow.
Let's see who ends up being right. My projection is around $0.05.
THE NEWS, WE NEED IT.
Remember folks, after the boom the best still remains to come. This stock is going to go the way of CTI* and make it well above $1 come later this year (assuming the IND was successful)
It will pay to hold your ground, and to those who are likely to miss this party, like I said before, the best is yet to come in my humble opinion. It's never too late to buy into this gravy train while it's on course to $1.
Here's to the longs.
Which one?
How long? And to where?
Absolutely not, there's no reason for that to happen.
Bother, seems I missed the rush.
Such as? How do you justify this?
So, when is this supposed to go upward again? I probably should have cashed in at the 40% gains. Oh well.