Ok, 3 days's frenzy trading activity seems to settle at near 1.20 mark.
George Soros says "Stock market is always inefficient market that never put on true value of a company, rather there is only emotional buying and selling.
I think MBP is one of classic examples that is reflected by what he believes.
Oh, let's cut the chase and get down to business.
I am sorry for those who bought near at 2.50 level, but given the volume of 3 dyas activity, 1.20 mark can be a worth point to punt.
If it breaches 1.10 level, get out no matter what. and if u still believe in MBP, you'd better buy near 90 cents.
Let's see if MBP has long-term value to invest in the long term.
According to a clinical trial, it showed its new weight-loss drug was effective and free of side effects, and MBP has other drugs in their pipeline.
MBP is planing to list NSADQ as well.
So this clinical result is not a complete failure, may be correctly, it's a little bit disapointed when it comes to so called " analysts"'s expectation. that's all.
the most important thing is when MBP can start trial 3....
Don't assume that you know what it's going to happen....
Truly no one knows....if there are any analysts say that know the possible result for sure, bring them, i'll kick them ass for not being honest....
so long-term chance is 50/50, if MBP's trial is successful, those who took the risk will get paid off, vice versa.
It's simple as that.
So, if you are a trader, stick to your discplines
If you are a long term inverstor who are willing to pay at this price, Hope MBP's trial is successful. and take your attention away from your screen and what other says.....
I'm a trader for this stock and i got in 1.21 to taget 1.50 and my stop loss is 1.10....
Good luck...
I think it will bounce tomorrow
Add to My Watchlist
What is My Watchlist?