3 will require some serious catalysts. i could see oncs going from 1.50 back below 1.00 multiple times before hitting 3...kind of like ino. so if u r willing to swing trade, u could make 300-400% profit if you time it right. but i think a lot of people here r too afraid to sell and make profits along with the traders...for whatever silly reasons.
i just made 100% profit on rnn...some people are holding it for whatever reasons...i say dont get greedy. i will sell ino when it jumps another 10-15 cents, maybe even 5 cents, since i know it will go back down. imagine if u sold at .56 and bought back in at .44. my average is .53...so it would be a sizable profit, and id have more shares at a lower average.
much better than just buying on the dip.
Every sock eventually reach $3 (or they go bankrupt)So since you asked for opinion-I looked at my crystal ball -and it says: GO ASK YOUR MOM STUPID. IF YOU HAVE TO ASK QUESTION LIKE THIS=GET OUT OF THE MARKET
this is terrible advice. buying and holding a speculative biotech. my advice is to trade around a core position...if u do it right u can lower ur average AND increase the # of shares u own without having to spend additional capital on the stock.
i know we will see a bump again soon...but it wont be an indefinite ride. my average is .50....so i would love to take .15-.20 x my 25,000 shares, then buy back all my shares when it oncs drops back below .50.
many people have done that...that's how u make money.
Well as always when there is good news coming the stock goes down , The m&m's really went to town today , thier last grab before it goes up. Being long ,have seen it enough. Patience will reward you.