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Post by Deleted on Jun 24, 2014 8:20:30 GMT -5
Two ways I have lost money in the past
1. Buying a stock and waiting for a takeover
2. Buying a stock and waiting for a short squeeze.
Is his time different ?.....time will tell. Meanwhile, I'm in but only for 2% of my portfolio. Please consider my age (87). Possible big losses are a real no no as is buying an extended magazine subscription.
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Post by kc on Jun 24, 2014 10:07:51 GMT -5
Glad to see your in at age 87. I am in with about 5% of my stock portfolio so I know the risk but its worth the risk as I think all you have to do is look at the potential of Afrezza in the market place and know that your doing a big favor for your heirs with an investment in this company.
Today you saw the market move on a drug for cystic fibrosis patient.
The market reacted vey nicely on that drug this am that only had a limited market of about 35,000 users. That drug got FDA approval Vertex VRTX up $ 34.63 a share to 101.10. Think about the market for Afrezza. Afrezza is a low cost drug that will be available to millions of users.
We are on the verge of a diabetic revolution after approval. VRTX product has a price of about $100,000 per year. That is a limited market compared to what MNKD has available worldwide. How many Patient's will the Obamacare panel allow to buy a $100,000 per year product.
Afrezza will be a cheap comodity priced drug that will be competitive with injections and not need any refrigeration. So think about the usage world wide in developing nations. This product will help Obamacare as it will keep the diabetic out of the ER when they have a serious diabetic event.
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Post by babaoriley on Jun 24, 2014 10:18:10 GMT -5
avogadro, how great it is to be a "Newbie" at 87! Good luck and health to you!
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Post by rak5555 on Jun 24, 2014 10:23:55 GMT -5
Avogadro - 87! You are my hero. Fortunately we don't need a takeover or a squeeze to do quite well here. I hope that 2% of your portfolio is at least a 6 digit #.
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Post by Deleted on Jun 24, 2014 11:00:22 GMT -5
Hey, gang, thanks!! I thought that respect for the elders was long dead, but not so here.
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Post by kc on Jun 24, 2014 11:27:45 GMT -5
My Father is 89 and still investing strongly. Don't stop..... Look at Al Mann Too.. 89 and going strong.
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Post by coco on Jun 24, 2014 13:29:58 GMT -5
Al Mann is going strong cause he is passionate and has strong purpose in life. I hope I'm like that at his age.
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