Replies to post #379 on InvestmentsForProfit

[konnikov]

Re: YMI

i don't know anything about them, so this is just what i glanced at:

1. chart: looks nice: double bottom, breakout, oversold, indicators pointing up

http://stockcharts.com/h-sc/ui?s=YMI&p=D&b=7&g=0&id=p22989564409

BUT if i buy for $3 then what are my target and stop? looks like my first target is $3.25 and my stop is right below $2.75; that gives R/R 1:1, which is not that attractive. it is not to say it is a bad stock, just to point out that one wouls needs to basically day trade, i mean watch it very closely - buy if it goes up and putting a stop right below today's high or, if it goes down, buy on reversal. if/when the stock manages to get above $3.25, then this area provides a good support, so while upside will be more of a question, the downside will be very limited.

2. funds: sucks - they are burning a lot of money. balance sheet is OK though, so 99% they sell the paper, i.e. dilute shares.

3. news: they went up on AeroLEF that is still phase II.

http://biz.yahoo.com/ap/061018/ym_clinical_trial.html?.v=1

What are your expectations on their Tesmilifene that is phase III?


JMHO.