MSB Trading - 2020, page-7160

ok - time for a weekly reflection

Phew what a week!
So much excitement and posts with Mesoblast that it is hard to keep up.
I remember not too long ago, there were only a few of us posting on this thread and MSB in general.

Now, if my memory serves me correctly, we've entered the week on a frenzy of anticipation after MESO gone up 140% over the weekend.
There was so much hope and speculation built into MSB on ASX, but we've only gone up 40%

After two more announcements.
We're now bouncing around the $3.20 level.
It is important that we consolidate here a little bit before we move on to $4+ and then $5+, as these are quite a significant levels.

How much longer will we be around this level?
It's hard to judge.

May has historically been a bad month for stocks, and the reality of the lockdown on the economy is unfolding.
It's pretty hard to fight against this. Even Gilead with Trump's support has gone into the red!

On the other hand, the momentum and news with Mesoblast is growing by the day.

What can we expect in the next few days/ weeks:

1. Enrolment commencements
2. More news coverage
3. Likely early approval, as Gilead has set such a low bar
4. $$$ from partnerships
5. +++

We may have to dance with the overall market for a bit, until we get some the above news.

But, consider this...
There was 30% churn on MESO last week, our largest volume ever by a long shot, with a lot of people/ institutions that wanted heap of volume at much higher price than the current $3.23 on MSB and $10.61 on MESO.

If you have funds, there are so many undervalued blue chips stocks to put your money into - why invest into Mesoblast?
Yet, these buyers bought in!
They are now lurking and will push the prices up again.


GLTASHs
Onwards and upwards
Stay strong, go long!