YM BioSciences, Inc. Ordinary S Message Board

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  • C78596998785 C78596998785 May 28, 2010 8:39 AM Flag

    Todays action 5-27

    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...

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