yea, especialy ones with 50 million cash with not too many shares outstanding....your soooo smart!! wouldnt tell anyone to buy just yet, but chtp is a definate hold for anyone that bought above 2$. if anyone tells you different they are short or just plain stupid!!!
Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.- WB
‘As Buffet said in the speech, “He’s not looking at quarterly earnings projections, he’s not looking at next year’s earnings, he’s not thinking about what day of the week it is, he doesn’t care what investment research from any place says, he’s not interested in price momentum, volume or anything. He’s simply asking: What is the business worth?’
he buys blue chip companies though. Not struggling biotech's with no product or earnings. You have to cut your losses in these stocks and move one. This could be .25 in a year if ch-4051 fails and fda requires a new study
If it is hard for you to see your money disappearing everyday….put the sale price limit at $ 4 or $ 5 for few thousand shares…or whatever you want to sale and do not log into message board or your portfolio for next 3 months. If there is a sudden jump due to some great news…you will be able to gain from it…or break even on it…at least you will not feel bad for it everyday. I can assure you…if someone suggests you to sale those share at this price level and take the loss…he can’t be your friend.
One more thing…the company has 50M cash…about 75c per share. Are we saying the value of 4 drugs in the pipeline, couple in phase II & phase III and one preparing for response to FDA CRL is not even values to 100M in value. Each studies take about 25M. And mind you…none of these studies are trash…they have been achieving good result.
It is upto you to decide…as it is yours hard earned money.
can you make QE happen jamesbond?
break into the federal reserve and force bernake to do it
you were so good in casino royale and quantam solace and hopefully skyfall.
but you were not so good in cowboys vs aliens.