Mind Medicine (MindMed) Inc MNMD

Too much hype over the new listing.

[trader53]

Americans are not fools MMED moved from $3.63 to well over $6.00 in just over a week. If anything I fully expect that they will drive the price back down to reality and then and only then will they start accumulating a position. Numi also jumped about 40% and I fully expect that the pullback will move Numi back under a dollar.

[SouthernTierTom]

Are you suggesting Canucks are? We did good on a "really good trip"...up over 3 BILLION CAD earlier today...do Canadiens pay a premium multiple on anything stronger than weed? ; - )

[trader53]

Not at all far too much hype and the market cap is beyond crazy. Looks like the first dollar has evaporated and I fully expect that the other dollar of smoke will also evaporate before weeks end. A sharp pullback in the SPY would absolutely destroy MMED along with many more Companies that have 0 revenues. Keep an eye on the insider selling as the last time this stock saw this price level the