I have invested in private biotechnology start ups since 1987. Most have gone public , but have taken 10-12 years to actually pay off. There is no realistic price without FDA approval, which takes a minimum of 6 months from the time of application. More realistically , about 2 years to final approval. Therefore. the price is only what people will pay ,before approval, the rest is just speculation and risk. I took my first position in this stock at $1.47. Good luck and be very patient.
Thank you, I will be taking this for the Long Haul. I can see that this one will most like be going back down around the 1.50 mark. So, I will put in orders at that price target. Thank
I am interested in purchasing more for my long term positions,
what other ones would you recommend for long term. Thank cherry
I've been a long on this since early 2006 and have watched it go as high as 22+ just on announcing that they would submit for EPA approval. A cure for Prostate cancer has value beyond the technicals!!!
EPA approval, you must mean FDA approval, but I question your years of being around if you made this mistake?? I hope you took profits at $22, what was your new entry point on the way down, and why did it go down so far? I started buying at $1.70 all the way up to $2.15 yesterday. Seems like a slam dunk that this is going through the roof! Is there something I am missing? How could one go wrong, your perspective?