Originally Posted by
The Boz
https://www.marketwatch.com/investing/stock/cydy
$2.45 a share, down over 50% in the past 3 months.
I wonder if our resident investment expert is still buying more shares at this price level.
After all, he “believes” in the stock and knows more than the experts.
Should have stuck with what he knows well and invested the money in a good low fee mutual fund. Or admit he had a leak and was just gambling on the stock. As many of us said, putting all your money in one stock is gambling, not investing.
Cautionary tale of sticking to what you know and learn everything you can before moving into another field.
This stock is and was the classic pump and dump penny stock. No different than the scammer Ahigh was shilling for.
Since you brought this up out of the blue you clearly are obsessed with trying to show a failure of mine.
However when I first brought in it was at $2.96 so it's down a few pennies since my first buy-in.
It was also at thirty cents back in December so it's year to date is several hundred percent up.
Looking at small time frames with a drug Development company is folly considering the long length of time for drug Development.
If it shoots up to $5 Monday and then drops to $2.50 Tuesday you can scream it dropped 50% since the day before but what's the point.
I'm still holding onto my shares because the trials are still ongoing. And yes, I have a buy order if it drops just a bit lower. I can't resist such a good deal if it goes closer to $2.
(BTW, the drug trials for Covid-19 have always been scheduled to end by December 31. A lot of people thought that's crazy with the emergency pandemic but that has always been the official end date on the FDA trials website. So nothing has changed since April.
PPS. A drug trial that continues is a GOOD THING. The FDA halts trials where a drug is either unsafe or not working. Cytodyn has had no such halt. So anyone selling their shares now is an idiot.