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Mostly agreed although I don't think fundamental analysis is worthless in penny land. Technical analysis is for sure.
I also do the contrarian. I sell into long winning streaks and buy on weakness. That's how you make money right, buy low sell high?
Management is also important, agreed. I happen to think highly of Mark and Chris.
It all comes down to the data and we still have no data. But within two to three months we should have some.
Until then it seems its just a penny flippin free for all
The folks at biopub really like this company. I've been a member of the community for sometime and I pay the 699 subscription fee. They'd made me *several* 200%+ stocks over the past 2 years. Smart, credible people. Maybe I am biased but I enjoy being a part of the community, it's how I was introduced to this company.
The editors at biopub say they keep in touch with Chris and Mark on a daily basis. I highly doubt Chris and Mark are in it just to fleece retail. The stock price will come around sooner or later. Give it a month or two.
It's a steal here I added around 13k today. Keep flippin around a core position and you'll do ok. This is going much higher.
I think we can easily pass the high of .40 in the next 2-3 months. .60-.80 is reasonable. Still a tiny MC relative to peers
We will be fine the trials haven't even began yet. Dosing to begin in a month or so. The first whiff of positive data and this shoots up several fold.
This is biotech your drug either works or it doesn't, and I think we have a good chance of this one working.
We better hope not.
I am a buyer here
Low volume sell off. This is going down on like $75,000 worth of stock being traded each day.
There are days where 50,000 shares of the 250,000 total volume are mine. I'm 20% of the volume, like WTF. It's peanuts and won't last once trials begin. Buying will come in, and probably very quickly.
This thing is falling off a cliff. What a disaster, didnt see this happening. Thankfully any hint of good data and its off to the races and we should have data by September.
Let's go!!
Oh wow that looks GOOD for us. June 8th.
Maybe Monday
Yeah I know, but this is a small Canadian company followed by a few people. Everyone has heard of Apple/Google/Gilead/etc. That news I agree is baked in. Who knows about Algernon?
I thought the headline "US FDA IND submittal/Covid-19" would bring lots of new eyes on the stock. Lots of new eyes could mean buying and a price increase. Turned out to be a non-event.
I am still confident this investment will pay off but clearly by now (unless FDA acceptance is a catalyst??) the only thing that will drive this stock up is good data.
Well I really thought this event would move the stock. Looks like nothing but positive data will take us to new levels.
Good news is data will be arriving soon.
Finally the countdown clock is on!!!
Given the timeline here I would not be surprised if this is trading over a dollar within 90 days.
I give better than 50/50% chance we are over a dollar within 90 days. That's a 4x stock price appreciation. That's only around a 100 Million market cap. Still *VERY CHEAP*. (with multiple p2 assets?!?!)
We will have Covid results very quickly after enrollment begins, which should happen within 2 months.
Going to get exciting again here, soon.
I just smacked the ask at .235 and then at .225.
I doubled my position today.
Going to be good here in the next two weeks. If you piece their interviews and PR's together, FDA submission is within two weeks.
I hate that it's going to be like this, but I am not expecting much of a runup. Yes, I think we drift back into the .30s.
But it will be one PR, either positive data or positive FDA news and this will ramp 50-200% instantly.
Added back some today, I saw which way the wind was blowing in short term last week and was lucky to dump a bunch for a decent profit in the low .30s.
I think now with the PP closed we have a bottom. Happy to buy here in the .24s
Patiently awaiting trial updates. Bring on the good news!
Big week tomorrow. Moving forward in trials
This stock price is a disaster nothing ut FDA news or positive data will move it. No faith in the company.
Still, I expect to make alot of money here. I believe FDA approval and positive data will happen. But we'll have to wait a few months on both. Will likely be a sh*t show until then.
I think we are in good hands. There seems to be a great chance this works for covid and if it does this goes ballistic
Lordy this is undervalued
Yay almost back to where we were before all this good news hit.
Cash raise is out of the way, I'd say bottom is in.
Folks they are going to be running 4 trials and this is a small company with little money/access to money. We all should have expected a raise.
Yup. Agree with all of that.
Sadly no interest and no volume yet
And down we for....for now
Gimme some funding from Heath Canada!!
As regards to success on p2 trials, historically it is 50/50.
30% of p2 fail due to safety issues and we know Ifenprodil is safe as its a repurposed drug that's been around for 40 years.
So with a repurposed drug, the odds of a successful p2 are now much higher than 50/50.
Good news for us
Highly bullish on whats ahead here. FDA *will* be the granddaddy of them all, and its well on the road there. They submitted their Pre_IND two months ago, received positive feedback, and are currently working on the IND submission.
Congrats to all who bought in Friday in the afternoon, should do well.
USFDA submission this week? Health Canada funding this week? Maybe both!
For whatever reason US FDA news seems to move this the most, and an IND should be coming very soon.....
I am not going to lie, I think the next few weeks are going to rock for Algernon. Huge upside potential once this gets cooking.
Well we have approvals and money in the bank now. Was a wild few days but in a much better position than a few weeks ago.