MYX 1.51% $4.71 mayne pharma group limited

Is MYX a bargain, page-2180

  1. 1,125 Posts.
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    Agree DDD. Track record is poor. No guarantees
    of approvals or profits on approvals as Pat has said.
    Many approvals don’t warrant an announcement
    because they are meaningless but they certainly used
    drug approvals as a lure to keep stringing people along.
    Just when a drug starts making money another gets
    competition and wipes out profits. Myx is like a heavy
    747 always flying on 1 to 2 engines with the prospect
    that the same mechanic can get all 4 engines going
    at some stage when they can get the right parts in.
    There isn’t any stampede to buy into Myx. Wise longs
    that are heavily under water will exit if Myx manages a
    decent approval because Shorts will have to cover but
    I suspect the bounce will be short lived as traders take a
    hasty profit. Myx took a huge run up to $1.40+ last time
    and came crashing back to earth with a huge thud. As
    Rivkin used to say you don’t go broke making a profit.
    Myx big on promises with an atrocious track record on
    delivery. I certainly hope longs burnt by SR get another
    opportunity to exit and don’t get caught buying on the way
    up again and suffering further should E4 not be the silver
    bullet everyone’s looking for. Myx is a classic lesson for
    many retail share holders-beware of the Disallowed salesman
    who is becoming very wealthy as he sells the next dream
    to punters who are still living the Teva nightmare 4 years
    on. Maybe he’ll get this one right but it’s only an OCP at
    the end of the day. Hopefully some of the Yanks will have
    some spare coins in their back pockets after paying all their
    bills on welfare to afford SR’s yet to be determined price tag
    on E4 should it get approval....
 
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