Mind Medicine (MindMed) Inc N.MMED.WR

Price action

[Gilly123]

I hate to say it but if we dont reclaim support VERY soon MMed is going to $2 and possibly lower to $1 (which I believe would be an amazing entry point). Support is much stronger $1. We could see a quick bounce low and stabilize closer to the $2 mark. Be careful buying right now.

[TeddyTenBags]

Wow, thank you for this ground breaking, detailed analysis. I immediately rushed to my trading account and sold all of my shares based on this.

[Gilly123]

I dont want you to sell your shares. I am a buyer looking for an entry I am comfortable with (my target is closer to $2) based recent price action. Its just something to be aware of in the short term. A more useful response might be asking for further explaination or letting us know why you think I am incorrect. I still believe long term looks good in this space. We should be here to educate each

[TeddyTenBags]

You probably don't even know how to short a stock. Let everyone know your analysis for why this will go to $2? Would love to hear it.

[Bubbsy2014]

Teddys right. I'm sure he doesn't have a dedicated short account, which you need, and a margin. If 2$ is the price point good luck, it's not going there with the cash on hand and studies in motion. Bubbs. 

[Gilly123]

It was a simple analysis. Mmed went from $2-$4 and found support around $3.75. We are trading under that now and making a little more support but still in a short term bear trend. There is just no set level of support from here to $2 so if sentiment changes slightly it would be relatively easy to crash the price. Saying that, $2 would likely be bought up fast. I want some MMED shares at a deal!

[TeddyTenBags]

Riveting stuff man. Thanks again for the detailed and in depth analysis. Going to sell all of my shares now and re-buy them at $2! Can't wait!

[Gilly123]

I am not trying to knock your socks off. If you have a position already thats great. Everyones situation is unique. I just see a scenario where $2 is relatively easy to pick up cheap shares. If not...whatever. do whatever the hell you want. I dont care whether you buy, sell, lose or make money.

[Bubbsy2014]

Relax Gilly. If $2 is your price point best of luck, it ain't happening dude. You won't be making any money. Period. Teddy will.  Bubbs

[Gilly123]

Dont get me wrong. I like this stock. I want to hold a large position. Its a solid mid to long term hold. If that is your goal this is probably a great investment. I am about to buy a house so I need liquidity. I am looking for short term flips on a big bounce price targets. I am bullish on this stock

[Sdeen33]

I'm in the same boat... any recommendations on short term flip stocks?

[TeddyTenBags]

And no one cares about the random $2 number you pulled out of a hat. Stop pretending like you're some savvy trader.

[Gilly123]

Lol random? Im savy enough. 34% gains year over year since 2012.

[TeddyTenBags]

You can't even spell savvy and anyone that feels compelled to share info that no one can verify is usually making it up. "Year over year since 2012" - Can't even use this terminology right either. You mean 34% gains each year since 2012 or 34% gain since 2012? Keep day trading rookie.

[Gilly123]

My spelling is not great. What does this have to do with investing? I started with 4k in my account in 2012 and without adding any additional funds it is now 95k. I am admittedly not an expert, and do have a lot to learn. I am satisfied with these returns. My preference is to swing trade over weeks or months. MMEd is going to be a good investment for a lot of people given some time. Still

[TeddyTenBags]

Lol I provide value by challenging people who throw around numbers without providing any support for it like yourself. Especially when you're clearly not an experienced investor. I challenge the pumpers who throw around numbers like the stock going to $30 in a day too. Not just the ones saying there will be downside. You still haven't provided anything meaningful for your rationale of a

[Gilly123]

The fundamentals arent so important for this stock. This is a spec play. Now that some of the euphoria has worn off MMed seems to be trickling down in price. There is no support from where we are now until $2. So without a catalyst it could easily fall to those levels. Potentially it could be a nice bounce target for a pump. Why would I still be interested in a 500million valuation over a billion?

[TeddyTenBags]

"The fundamentals aren't important, but I want shares closer to fundamental value". Way to contradict yourself.  There are no fundamentals for this stock - it's a purely speculative play as I've pointed out several times. Point I'm making of $500M vs. $1B is that there's nothing to support either valuation. Of course you want cheaper shares, but what supports

[Gilly123]

LOL you are so predictable... . The fundamentals are not as important but they still exist man. An example of this is increased political support in the space. If we look technical chart we can find levels of previous support and resistance,  Theyre currently are two obvious levels around the $2 and $1 area.  Given that the volume is decreasing and we have no support until $2. I could

[TeddyTenBags]

What's predictable is your inability to backup your claims and that you'll continue to prove you don't know what you're talking about. 1) Political support is not a fundamental lololol. Where did you clear up that fundamentals exist in your post? It's pretty clear you have no idea what fundamentals are - Revenue, EBITDA, NPV of future cash flows, etc.  2) There* - not

[Gilly123]

1. As governments accept the space more we can look at macro fundamentals in the space. We can also compare one company to another in the space and see who is better positioned to take advantage of the new market being created. The fundamentals do exist, however they are not as important in this sector at this time. One could speculate on a fully functional market in this space and assign a dollar

[GREENBOY]

This post has been removed in accordance with Community Policy

[Gilly123]

Lol, I am straight as an arrow. I just like making money. Im not saying I am right but as of now the short term bullish momentum is not great. I am looking for a good entry point, and this is not it in my mind.