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MELA Sciences, Inc. Message Board

  • adeiflig adeiflig Mar 25, 2009 4:55 PM Flag

    Buy on August 15th, Dead Money Now...

    It will still take 6 months before any activity on this stock.

    With little to no demand expect MELA to drop in the $ 1.30/share area.

    Why keep dead money here, come back in August 15th.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I don't consider it dead money when I can accumulate now and cash in at 5 to 10 times value in 9 months! IMO> If I need the money tomorrow, that is different story, but I don't! You are assuming you can do better else where over the upcoming 9 month period, if so - inform us please!! That is why we call it INVESTING!!

      • 1 Reply to kgrichard5
      • These biotech companies all act in the same manner. This is nothing personal, just what I have noticed about most of them.

        Yes, MELA has a great product, but it is still 6 months away from any approval and 9 months from any possible revenue.

        People don't invest anymore for long term.

        To move the stock you need a catalyst. Unfortunately there will be none until August 15th. So, with no catalyst and plenty of sellers, expect a steady drop to the $ 1.30/share area.

        Yes, you can load up, but why do it now when you can buy 4 times the quantity in a few months.

        Your best bet is to buy 30 to 45 days before FDA is to vote on the device.

        Let is soar and then you sell after 3 days.

        So, buy at $ 1.30/share, sell at $ 13/share and make a nice 1000% return in 45 days.

    • $1.30 is a ridiculous price target. If you want to stay away until August 15, by all means do so. Some of us prefer to accumulate.

 
MELA
2.15+0.30(+16.22%)Oct 21 4:00 PMEDT

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