MYM Nutraceuticals Inc MYMMF

RE:honest opinion needed pls

[BuddyGuyMan]

Usually when there's a private placement, the share price works its way down to the price of the placement (in this case $0.50), but it usually doesn't stay there, depending on a number of factors of course.  It really depends how many shares you have and what price you can get when the market opens.  Odds are it'll open lower than $0.55.  So, you might end up selling at $0.52 tomorrow and then try to buy back and miss the boat (there could be a lot of people waiting on the sidelines trying to snag those $0.50 shares).

I will say, it's very encouraging to see the warrants are being offered at $1.  This means both parties would be expecting the share price to top $1 within the next 12 months, since warrants are always priced at a discount to the expected market price.  If your price is $0.57, you'll still make 75% profit when it hits $1.  Pretty good!

Other people will have differing opinions, but that's mine.  And yes, it's my honest opinion.  I've flipped MYM a couple of times, and recently rebought at $0.53 when I saw a run coming.  Held on even when it crossed $0.60 the other day.  At this point I don't want the stress of selling at the wrong time and missing out, and I'd rather not have to babysit it either.  I know it will give me a good return in the long run, so I'm just holding now.

Choice is fully yours though.  Just my opinion.

Newbsinvestor wrote: so if my avg is at .57 and the current price is .55 I'm at a loss so its better to lose $5k than to wait for it or will it drop now to .50?