Sarissa Resources Inc (SRSR)

[dmbao]

While that is a legitimate concern, you need to consider not only the risk of that but the reward missed by waiting.

I certainly can see it heading back down without further news but not sure it will go below 2 cents?

More importantly what is the risk of not being in. My rough calculations would put SRSR at 10 cents share when this deal gets approved, assuming it draws in a new audience of investors which to me is the biggest risk.

Now one can also be concerned about the deal not being approved but I don't expect that to be an issue this time. The partners here a a credible Chinese state owned entity with significant MA history with State approval.

So your risking a non permanent 50% loss if it does go back to 1.5 cents vs IMHO a minimum 3x gainer and maybe multiples higher?

That is not good deal so you should be buying what you can now. If volume remains low I do believe you might see high 2's but it's not worth the risk for little savings.

Even a ST announcement has the ability to double today's price IMHO.

Just my two cents.