Replies to post #125011 on Biotech Values

[Superfly15]

At sub 10 , dndn is a good gamble for a contrarian type like myself.

It is a good strategy to be a contrarian, but ask yourself a few things about DNDN, as well as any stock you will be betting on from a contrarian stance ::

1) Have they fixed the problem that put them in this position or even attempted to? (No)

2) Are they in a field that is desperate for new treatments? (I would answer no, prostate is one of the easier ones to treat)

3) Are they going to have to raise more capital? (I would say yes, you may say otherwise).


I don't see a reason for DNDN to reverse course too much until they attempt to fix their reimbursement issue, thus I sold the 11.XX shares I bought at break-even the next day.