Hi Folks
I planted some seed capital in MSB long ago and added at times averaging down. . I haven't posted here very often. I was up early before sunrise and went for a walk.
I have been following the chart for a while, so I thought that I would post an updated chart and some of my thoughts.
I looked at MESO this morning, It's the Nasdaq listing for MSB whereby 10 times MSB = 1 MESO
The FDA Ryoncil approval announcement was coupled with the announcement that MESO would be added to the NASDAQ BIOTECHNOLOGY INDEX (NBI) on the 23 Dec. That could be important.
In the past MESO was the tail that followed the MSB dog. After checking this mornings MESO SP at $US21.04 I wondered if that is about to change.
We shall see this morning? MESO $US21.04 converts to $AUD 3.38 for MSB so maybe, if the markets paying attention, we may see the MSB SP go into 3.20's. But this is an usual time of year for trading and the market may close early today.
I have posted a MESO chart below and to capture the latest Nasdaq action used a 4 hourly chart. I'll post a MSB chart next week.
I noticed that we have JP Morgan and State Street as substantial holders. I don't doubt that Blackrock, Vanguard a Goldman Sach's are lurking around under that 5% disclosure limit.
All of these have Stretch Limo's loaded with flame throwers, fire extinguishers , hand cuff's , huge vacuum cleaners with large canvas bags attached (money storage) and if you look closely in the back you might even see a large rack for torture.
Across many companies I have charted whenever they are around quick 5-10% volatile swings are just to be expected. They love to trigger stop-loss automatic trades to fill those canvas bags.
Just my thoughts, DYOR
cheers Lies
(20min delay)