I am relatively new to the stock market. I have made many mistakes along the way. Bought A2m in the early $3 but sold very soon after with almost no profit. Bought KDR when it's still having lawsuit at $.6 but when case won SP came down from $.78 to under $.6, sold again at break even. Itz $2.2 now half year later. I was speculating, thinking of having quick cash. Too young too naive. Buy on rumour and sell on news. Thatz how the game plays. Be patient, which I havnt been. It can be frustrating looking at the share price going side way everyday.
MSB is the only stock I held from the start till now for almost a year. The reason, i am still in red but also i believe in the science. Recent news have injected a lot faith into this stock. I personally think the SP is on an up trend. When I bought @$2.1 last year, someone on this forum said "not sure it's the bottom". It's not. The SP was on a down trend. It went down to $1.2. Now I see double bottom have formed, with all the good news, the SP should be on the up trend. Slight setback like recent 2 weeks could be an opportunity to buy in. Dont we see todays volume so little? No one wants to sell cheap. When itz an uptrend, i ask: are you sure itz the peak. However, on the hindsight, technically one should sell at the recent $2, and get back in now. But who knows, if partnership was announced instead of credit facility deal, it will be way above $2 now.
Previously i compared 4 stemcell companies on American stock market including MSB. I recokn MSB is a better buy. Latest news Athersys which has no successful phase 3 trial so far has received partnership deal last week. Despite the deal results in diluting shares, the SP went up 20%. MSB partnership deal can still come in my opinion.
$1.6ish is a bottom to me. I have topped up loads. Be patient, be bold. The tide is on the rise.
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