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Microbix Biosystems Inc T.MBX

Alternate Symbol(s):  MBXBF

Microbix Biosystems Inc. develops and commercializes biological and technological solutions for human health and wellbeing. It enables the commercialization of diagnostic assays by making a range of critical ingredients and devices for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs) that support clinical lab proficiency testing, enable assay development and validation, or help ensure the quality of clinical diagnostic workflows. Its segments include development, manufacturing and sales of products relating to the medical diagnostics industry, namely antigens as test ingredients, quality assessment products to help ensure the accuracy of test workflows and viral transport medium to enable collection of patient test samples and, and development and commercialization of novel and proprietary products or technologies, such as Kinlytic. Its Kinlytic urokinase is a biologic thrombolytic drug used to treat blood clots.


TSX:MBX - Post by User

Bullboard Posts
Post by longondmxon Oct 16, 2014 10:37am
155 Views
Post# 23033638

At these levels it's like money in the bank...

At these levels it's like money in the bank...Cause of decline - Margin Call...had to be.  Timing is right.  Market has been ugly and MBX was holding up (at least until this morning).  This drop was due to someone either getting a margin call or just getting fed up with the market and saying hell to it and offset their gains in MBX with losses. 

I know it is strange to say since most of my portfolio holds large caps but honestly, this stock is the only one in my portfolio that I feel will hold up better in this correction than any others (it really has little downside risk and even with this decline will rebound very shortly in anticipation of upcoming announcements).  So, anyone thinking of jumping in, now is a great entry point.  Or for those looking to top up, same thing...these opportunities don't come around that often.  But do your own DD...
Bullboard Posts