i bought in at 2.17 only 1000 shares. anyway I have a trailing stop loss order in. I move it up as mtsn moves up. Just curious, where do you think this goes within the nest 12 months. I do have a stop loss order in but I do not want to be greedy. thanks
do you own any?? I agree, it pays to wait. I am not sure it is going to 2.00 per share, but I think it can go to 2.50 to 2.75. At that price, with their cash on hand and balance sheet, it seems like you cannot really go wrong if you hold it a while. My newsletter recommended it at 4.10 or so a share a few weeks ago. Good thing I waited.
I have seen many capital raises in my day. When cris put the offering at 2.75 most companies would not only trade at 2.75 that day, it would probably go a bit lower than that due to the other shareholders selling due to disappointment. Eventually, the stock would rebound if the company performs down the road but short term the stock gets knocked.
In this instance, we are up 13%. Do you need to be hit over the head? Who knows what the stock does tomorrow, and who really cares unless you are a day trader. One year from now, we will be alot higher in my opinion. Like I said, I do not recall seeing price action like this the same day of an offering below the closing price. This tells me something is brewing. What? who knows, but we know what cris has in the pipeline etc so you just have to be patient.
I agree with texasgold, this is not telsa motors or amgen, however, they do have nearly 1 dollar in cash and a good balance sheet along with paying the dividend. That said, I am still on the sidelines because the stock action the past month has not been pretty. It seems as though either one of two things is happening or both.
first, the earnings are not great, which happens some quarters to small cap stocks, it is not pfizer, these small caps have large swings in revenue sometimes.
second, the dividend is not going to be 7 percent due to the lower earnings and that is how the dividend is calculated I believe. They have some crazy formula if I remember.
Anyway, I do not think this is a terrible company at all, and maybe this is a great buying opportunity, but I will just sit back for a while because you do not have to be a harvard business major to see that the action in the stock has not been good given the action in the nasdaq the last month.
We shall wait and see.
Cris has tripled in the last two months from 1.12 to 3.40. If it takes a 20% breather/correction, what is the big deal. DO NOT FALL PREY TO THOSE SHORTS!! THEY ARE PUTZES!! This has a long way to go. Do not be greedy, take some money off of the table, but this has a long way to go if you are patient and want to hold this for the next 12-18 months.. I just sit back and laugh
It is obvious that nothing goew up in a straight line forever. Where will cris stop short term is anyones guess. 3.50, 4 5 6 ?? Who knows?? But like mensa said, if a company does well the stock price will always take care of itself. He is correct, you cannot keep a good company downn forever. Once a company proves itself with results, the stock price will follow. You just have to be patient.
All of the shorts will jump up and down when cris "corrects" 10 or 20% but who cares?? If you are in this for the longer term, it means absolutely nothing.
I bought at all different levels and my average cost is 1.90. It is very simple, pick a price and put a trailing stop loss order in. TO ALL THE SHORTS, I AM LOCKED IN ON A VERY LARGE GAIN!!! I do not care if cris corrects a bit becasue I have my stop in. I will keep riding it up
That said, let the shorts jump up and down over a minor correction. I know I have a great gain due to my patience and I will keep riding it up with a 15% trailing stop loss.
Thanks for the info. I am going to buy some as well and see how it does. This was a 13 dollar stock and they are making money so I do think there is potential here for a double to 8 or so down the road. When I buy small caps, my goal is 25% and then I do a trailing stop loss. I try to not get too greedy since these are speculative companies, but they seem to have good management so if I build a positon of say 2500 shares, it is not too crazy.
I subscribe to a newsletter and they recommended this stock the other week. I like what I see so far, however, the only concern is the debt level. I was curious what you folks think a conservative estimate is for the stock price. I am a long term investor. I am not here to flip or day trade. I would not mind holding the stock for a 12-18 month period. Thanks in advance for your feedback.
mensa you worked for biogen?? just curious, what capacity?? i worked for a company and a guy went there a while back. I think he was the ceo for a while or president of one of the divisions. he came from zeneca
i never trust israeli companies or china companies for that matter. something fishy is going on. I do not own any, but I was going to buy, but I do not like the action in this stock. It should at least be a 4.50 to a 5 dollar stock especially with that fat dividend. But, maybe that dividend is not going to be that big if the earnings are a dissapointment;