deathplunge,
no apologies are needed in this forum... it's a tough world and we all live with wrong calls (I'm afraid including me).
All I know is what my experience with biotechs is telling me. We could get a few small "runs" but I see it almost impossible breaking $3 in the very short term unless we see a takeover. We haven't formed a clear bottom. Trying to think of what other announcement could do it and I guess the formation of a joint venture with a marketing partner could also do it. Pull up the two year chart for Novogen (NRT) and you'll see what I mean by a pull back.
I can just see the dozens of traders out there who held there shares to get the "cheap" placement who are ready to dump when they get the rights.
But this is just my opinion, not advice in anyway. Everyone here should check with an investment advisior before buying or selling this stock and for your piece of mind read the red stuff below.
I don't hold. Wanting to buy at lower prices.
Cheers,
Munch,
Ps. Not a CM but did go to a CM concert...lol.
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