JLGemini AdviceHi, I’m JLGemini. Last May, I started posting to this discussion board to protect my investment in Oncolytics. Onc opened the year at $2.75 and closed the year at $6.73. A 145% return on one stock does wonders for your portfolio return, particularly when you are over weighted in it. During 2011, there will be many press releases from Oncolytics regarding the commercial advancement of Reolysin. Releases will include completion of phase 1 of the head and neck pivotal trial, phase II trails involving lung cancers, and trials being conducted by the US NCI. Partnership announcements are also expected with the commercialization of Reolysin in sight. The return in 2011 on Oncolytics will exceed 145%.
It is interesting to read other posts to this discussion board. Most are critical of me warning retail investors of a buy side manipulation by institutional investors. My advice to retail investors is to hold and take advantage of the buy side manipulation. My advise to institutional investors is that time is running out to acquire their positions.
Supporters of the buy side manipulation do not want retail investors to be aware of the control that they have on the market price. At last Friday’s close of $5.60 for ONC on the TSX, the market cap for Oncolytics is under $400 million. There is a disconnect between the stock price and the commercial value of the proprietary rights to Reolysin. This disconnect existed for Dendreon prior to April 2009. Dendreon is a development company, like Oncolytics, and trades on the NASDAQ under DNDN.
As you review the daily trading of Dendreon during the month of April 2009, consider the following questions. Consider why there are such strong objections to my posts. Consider why the institutional holdings reported on the NASDAQ for ONCY had a net increase of over 8 million shares. Consider what a 200% return or more will do for your portfolio. With the global economy stumbling and stable growth outlook years away, consider your options. Consider over weighting your investment in Oncolytics.
Date | Closing Price | Volume |
1-Apr-09 | $4.14 | 3,199,650 |
2-Apr-09 | 4.34 | 2,427,867 |
3-Apr-09 | 5.99 | 22,497,200 |
6-Apr-09 | 6.58 | 19,585,750 |
7-Apr-09 | 6.58 | 7,346,062 |
8-Apr-09 | 6.37 | 5,392,639 |
9-Apr-09 | 6.30 | 4,234,697 |
13-Apr-09 | 7.30 | 12,775,310 |
14-Apr-09 | 16.99 | 65,120,890 |
15-Apr-09 | 17.17 | 19,294,060 |
16-Apr-09 | 17.03 | 6,894,881 |
17-Apr-09 | 17.99 | 17,799,470 |
20-Apr-09 | 19.52 | 17,724,250 |
21-Apr-09 | 19.74 | 11,008,510 |
22-Apr-09 | 20.12 | 7,358,435 |
23-Apr-09 | 20.33 | 6,123,418 |
24-Apr-09 | 20.08 | 7,393,327 |
27-Apr-09 | 21.55 | 18,569,850 |
28-Apr-09 | 11.81 | 28,070,740 |
29-Apr-09 | 22.94 | 48,235,790 |
30-Apr-09 | 21.20 | 17,468,950 |
Friday | | ? |
14-Mar-11 | $32.79 | 2,200,469 |