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Liminal BioSciences Inc. LMNL

Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed for trading on the Nasdaq Global Market.


NDAQ:LMNL - Post by User

Post by Dibah42on Jul 30, 2020 5:49pm
188 Views
Post# 31346708

For the newbies from an oldtimer

For the newbies from an oldtimerOn April 23, 2016  these shares  traded at $3440.  Yes, that is three thousand four hundred and forty dollars.  And no it is NOT going back to that no matter what these duffus pumpers keep barking.
The last spike when s/p shot from $14 to $23 was the end of June  and it took  only four weeks to drop back to $14 again on very low volumes.  Until todays spike.  This is not a buy and hold stock for the FDA to approve some miraculous cure for whatever the latest molecule or the latest organ they are chasing.  That's the fodder the pumpers are feeding here. But you can play it for very short term trades when you see the momo players on the scene and volume spikes up. You can betcha those players who pumped the spike are already short by the end of today.

Cheers


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