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Oncolytics Biotech Inc. Message Board

  • kennythecounselor kennythecounselor May 16, 2011 1:46 PM Flag

    AGM Amsterdam etc price influence

    Hi all ...
    Price influence could easily double the last time the volume was this low. There is some major news expected and many of US are going to try to add as much as we can BEFORE the run up which will start it. That will happend probably starting now, hahahah. Then pre news will possibly be very big this time. We have been waiting for some of this stuff for a long time. It could raise a quandry... what if it goes up to say.... 10? 12??? 15!.. Who is going to sell at the news hoping it drops back down to buy in again? I have the thought that 35 is possible by years end, certainly double that by 2012. No I don't think 70 bucks is being a pumper here. Again I suggest we ignore the charts here and look at the product. Yesterday news came out suggesting the MAD was bearish for ONCY .... and look at this morning! The charts just wont be able to predict this at all. 3 things will drive this stock, News, Fear, and Greed. That is it. However Fear wont cause selling, it will cause buying and fear will look a lot like greed. It is fear of missing out! Fear if blowing it and missing ONCY making your retirement a snap.
    That said, I have about 1100 shares that I set aside and am willing to sell ... those are my playing shares at the moment. If it spikes really obviously just before one of these events, I might sell maybe that much, maybe 600 ahares, not a lot, but enough to laugh. If it drops I will just put it back in, and I wont feel like I missed my chance to sell because I know.... I know it is going up far more in the med term than it will in the short term.
    Suggestion to all, keep the volume low! Don't give them your 50 dollar shares for 7 bucks.... You will end up banging your heads against the wall if you do.....
    Happiness, health and wealth to all! (except the shorts of course)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Ok, I conclude “greed” = nebulous.

      Thanks to all that gave it a go.


    • (20,000 patients)x($80,000/patient)*(6x cost of sales) / (70,000,000 shares) = $137/share...!

    • You're right that this seems to be one of those situations where the charts don't mean much.
      I too bought 1,000 "extras" at 5.43 (CAD)thinking it would be fun to try to play the bounces. My instinct is to hang on, though, so it will be hard to decide.
      Basically, all I want is to make a million dollars while helping to finance a treatment for cancer. I'm a simple soul, modest expectations, easily pleased.

      • 2 Replies to o_k_lumberjack
      • " I too bought 1,000 "extras" at 5.43 (CAD)thinking it would be fun to try to play the bounces. My instinct is to hang on, though, so it will be hard to decide."
        It isn't hard to make a decision, the indecision is hard to defeat..Haaaaaaaaaa

        Aaahhhhh, I can see the greed bug is well entrenched here. I too started with 25K trading shares 2 yrs ago, just below $1.25, sold at $1.75, bought 50K at 1.40 sold at $2 got real greedy bought 100K at $1.40 and I am still immobilized by the friggen bug. But it feels so good when you are in the money and know that the run hasn't even started. If I sell the trading shares now I will be close to half a million richer. But the bug has control of my trigger finger....hmmmm feels goooood.....It isn't hard to make a decision, the indecision is hard to defeat. Yyyyep.Haaaaaaaaaaaaaaaaa

      • OK L:

        Man, do I recognize your way of thinking. About a year back, I was sadly preparing to "harvest" some losses from my early shares that were in the $6-$8 range. So I bought a bunch at $1.32 expecting to sell an equal amount 30 days later....Obviously, in retrospect, it was a great time to buy as the price went pretty much straight up from there....and you know the story, I have never sold those shares and now a too large position is a ridiculous position relative to my net worth....Jim Cramer would say that "I know nothing"...

        Here is what I do know: It will be really cool if it turns out that ONCY does have a therapy which pushes most cancers from being a death sentence to being a manageable chronic disease..

        And yeah, if ONCY does, it will be hard not to have made a million.

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