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YM BioSciences, Inc. Ordinary S Message Board

  • christopher_pi christopher_pi Nov 14, 2012 9:32 PM Flag

    just to show you how a stock chart & price can change in a heartbeat

    Take a look at TEA (Teavana Holdings). Was there any reason to own that stock based on its chart ? Nope, in the past month it went from 13 to 10 and was near a 52wk low. Then they get a buyout offer from SBUX for a 50+% premium.
    Stay long and strong and we will be rewarded. They aren't doing P3 alone - no way, no how.

    Sentiment: Strong Buy

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    • Yup Thld, Arna were also great bio examples that had horrible charts before exploding...I have always been saying technical charts mean nothing for. Long term investors

      Sentiment: Strong Buy

      • 1 Reply to epritske
      • Plausible explanation for what seems incomprehensible charts. Last slide is probably tied to market plunge, biotechs take a harder hit.

        Functionally, nothing has changed. They have a potential "best in class" drug in a category that has proved effective.

        If a buyer is in the wings there is no better time to take them out. They are holding 130mil in cash. What a bargain. But, end of the day I do believe they have a blockbuster ($1bill) that will make it on the long run. "Long" being the operative word. I've been still accumulating at this level.

        Sentiment: Buy