Replies to post #491 on VYNE Therapeutics Inc (VYNE)

[trunovice]

This is a no buy till it drops below $1.00

[jugs]

OK, here's my update:

This afternoon I sold another 20,000 shares of MNLO at $1.62 and $1.61.

It seemed the prudent thing to do inasmuch as I've noted that $1.60 appears to be an important element in the bottoming process---but with a caveat:

The pending reverse split must add downward pressure on the share value---as I see it.

I'm not a prophet by any means. I just sometimes find I will sometimes recognize price points yet to occur---before the appointed moment. That said, I've dropped my position (s) from a total of 214,000 shares down to a current holding of 150,000 shares. Obviously I'm well positioned in cash and will expect to take full advantage of opportunities around the corner.

I continue to believe we will drop to $1.38 if not lower. However, I wouldn't be surprised to find the BOD decides on a less unfavorable split ratios, perhaps 1:5?

This stock trades easily in after hours, by the way. I took fullest advantage of this last evening when I sold heavily.

Good fortune!