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YM BioSciences, Inc. Ordinary S Message Board

  • C78596998785 C78596998785 May 27, 2010 9:08 PM Flag

    Todays action 5-27

    ASCO - a week away

    Mentioned in WSJ and Barron's

    With all the attention that YMI has received... my expectation is it would run up and while I'm happy with todays nickle, I'd gladly have gotten more...

    point is that todays share price is a secondary.... todays volume is what threw me for a loop... No buyers no sellers only 226k shares traded...

    Then I thought a bit more about it and I realised that I haven't added any shares at this point... but then I am not selling any either....

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    • There are lots of things going right for YMI. They have plenty of cash, I have decided to hold on for the long haul. I can easily see this going to 5++ by end of the year based on pipeline, US acceptance, etc...See full report from 10/28/09

      http://www.proactivenewsroom.com/Blog/bid/29506/YM-BioSciences-AMEX-YMI-Griffin-Reiterates-Buy-Rating-Ups-Price-Target-to-5-50

      • 2 Replies to epritske
      • Exactly why I say that the days share price is secondary...

        Bio positions are high risk, but YMI has a risk/reward factor that has had me accumulating again over the past few months...

        Your comment, << I have decided to hold on for the long haul.>> mirrors my feeling. I actually used yahoo's ignore as after doing my DD I found myself second guessing my holding on comments by individuals that are clearly momentum type traders.

        I will consider parting with 25 - 30k shares when trading jumps over the $2 price range... hopefully bypassing the $2 mark in a way that mirrors the jump from $.49 that touched $2.25... As for the momentum folks I sold almost 45k shares at $.49 to see what effect I could have on trading the day before the first pop to the $.80 range... so short term trading makes you a few pennies but timing can cost you real dollars... I had under 50% of my initial holdings by the time it had hit 1.60 the highest price I sold at... and the move to $2.25 was really just a trading spike... After the secondary I restablished my original holdings and added a few for good measure...

        I really am hoping that we catch someones eye that has the ability to aquire YMI by throwing 3/4 to a billion dollars at YMI...

      • Exactly why I say that the days share price is secondary...

        Bio positions are high risk but YMI has a risk/reward factor that has had me accumulating again over the past few months...

        Your comment, << I have decided to hold on for the long haul.>> mirrors my feeling. I actually used yahoo's ignore as after doing my DD I found myself second guessing my holding on comments by individuals that are clearly momentum type traders.

        I will consider parting with 25 - 30k shares when trading jumps over the $2 price range... hopefully bypassing the $2 mark in a way that mirrors the jup from $.49 that touched $2.25... As for the momentum folks I sold almost 45k shares at $.49 to see what effect I could have on trading the day before the first pop to the $.80 range... so short term trading makes you a few pennies but timing can cost you real dollars... I had under 50% of my initial holdings by the time it had hit 1.60 the highest price I sold at... and the move to $2.25 was really just a trading spike... After the secondary I restablished my original holdings and added a few for good measure...

        I really am hoping that we catch someones eye that has the ability to aquire YMI by throwing 3/4 to a billion dollars at YMI...

 

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