RE:RE:Unless I'm supposed to read this NR in code, I don'ttooez1 wrote: BrendanC wrote: see where there is "bad" news as the ranters rant on about? Obviously they are seaking partners in the U.S to develope MCNA, that would be a give-in even if they plan to sell. To me, if I were to buy MCNA and it came with an existing partner in the u.s, I think that it is positive news. Shows they arent giving up on it and playing the odds. Im still holding storng here. Dilution? Someone metioned this before along with a consolidation. They have $44 million in cash... why would they dilute? Curiosity.... GLTA
Agree...I don't think that much of the market viewed it very negatively either. The relatively muted selling was likely those buying in for a quick gain upon the release or those fed up waiting. Since the release was more or less a given with nothing of great consequence a few minor players left.
This was a buy today...the stock isn't going lower for at least 2 months with the potential that something important may occur. Unless you feel that you have a better choice at this point (and a few may feel they have), this a good gamble for at least the short term right now.
A month and a half out from here, reassess.
B
Agreed, weak hands and penny flippers. My post got almost 100 reads in the first 10 minutes... a lot of interest here...B