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21/03/18
09:35
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Originally posted by SeabreezeL
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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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Lots of emotions going on here and your wheel is spinning fast. For me, buy now nope, sell now nope, wait for news yep, hook on to the trend YEP and then keep going YEP.
Alhambra.