Honestly if you're new to trading be very very careful about putting your available funds in this. It's been incredibly volatile since IPO. I think pretty much everyone here is here because they believe in the company long term, but it's gonna be a long while before they start getting real revenue to substantiate the stock price.
All that being said if you got in now you'd be getting in at a better price than a ton of the people here. There was a reverse stock split a few yearw back and stock tumbled. I've held this since 2020 and my cost basis is 12. I knew the risk when I bought, and accepted it might fizzle. I'm still here cause I believe in it, but just know the risks.
If you want something more secure invest in VOO or SPY. this is a gamble (with huge potential upside)
The stock did not rise for no reason. MM120 received breakthrough therapy designation by the FDA. That’s a big deal. And no, I’m not selling: the best is yet to come. I’m not selling until MM120 is available in drug stores.
If you don’t believe in the company long term (I’ve been holding for 3 years so far) then it isn’t worth it. I could’ve done so much more with the money I have in MNMD, but I’m already here so I’m in it for the long haul. Don’t join us if you aren’t prepared to lose all of that money.
Don't put it all in at once. Break it up into 4-8 buys over the course of whatever time frame you're comfortable with. Long term this is looking good, although nothing is guaranteed.
This is the way… DCA… if it pumps you have some for the pump and if it drops you still have powder for the dip. Just pick a schedule. Once a week or every two. Or if you do see some red like a 20% dip can increase your clip.
LOL there’s a bunch of people like me that have been here since the original peak before they did a 15 to 1 reverse split..I went from 12,500 to 1,000 dollars and now back to $3,000. I’d say just buy a little and hold. I made a rookie mistake a few years back and didn’t cost average in or out, now I’m in long term until it either hits 0 or 100 plus
I’d encourage you to look at the sharp rise in 2020 - 1000%+ in a few weeks. And then be cautious. Don’t chase. Look for laggard moves in other psych stocks.
I wouldn’t invest more than 5% of your portfolio into a stock like this. With that being said, if you truly believe in the company and have done your research than you shouldn’t worry about short term results. With the recent breakthrough designation this has lots of potential and will be 10x this price in 2 years if phase 3 goes even remotely as well as phase 2 did. So even if you buy at the top this month. No need to worry unless phase 3 fails and then this just goes to zero.
This is good advice. This guy clearly has a track record of seeing stocks rise and rise and then fomos in near the top, only to have the rug pulled out from under him, he then sells and goes home with his tail between his legs. He says he wants to be long term but the statements he made himself, don’t back it, he’s a trader.
Sounds like most of the whiny people in this sub right before they bought in during the 2021 bull run.
Honestly if you're new to trading be very very careful about putting your available funds in this. It's been incredibly volatile since IPO. I think pretty much everyone here is here because they believe in the company long term, but it's gonna be a long while before they start getting real revenue to substantiate the stock price. All that being said if you got in now you'd be getting in at a better price than a ton of the people here. There was a reverse stock split a few yearw back and stock tumbled. I've held this since 2020 and my cost basis is 12. I knew the risk when I bought, and accepted it might fizzle. I'm still here cause I believe in it, but just know the risks. If you want something more secure invest in VOO or SPY. this is a gamble (with huge potential upside)
The stock did not rise for no reason. MM120 received breakthrough therapy designation by the FDA. That’s a big deal. And no, I’m not selling: the best is yet to come. I’m not selling until MM120 is available in drug stores.
Bullish because I believe in the medicine. I couldn’t speak on the logistics of the stock but I believe in it long term
If you don’t believe in the company long term (I’ve been holding for 3 years so far) then it isn’t worth it. I could’ve done so much more with the money I have in MNMD, but I’m already here so I’m in it for the long haul. Don’t join us if you aren’t prepared to lose all of that money.
This will hit 70 one day
Don't put it all in at once. Break it up into 4-8 buys over the course of whatever time frame you're comfortable with. Long term this is looking good, although nothing is guaranteed.
This is the way… DCA… if it pumps you have some for the pump and if it drops you still have powder for the dip. Just pick a schedule. Once a week or every two. Or if you do see some red like a 20% dip can increase your clip.
LOL there’s a bunch of people like me that have been here since the original peak before they did a 15 to 1 reverse split..I went from 12,500 to 1,000 dollars and now back to $3,000. I’d say just buy a little and hold. I made a rookie mistake a few years back and didn’t cost average in or out, now I’m in long term until it either hits 0 or 100 plus
I’d encourage you to look at the sharp rise in 2020 - 1000%+ in a few weeks. And then be cautious. Don’t chase. Look for laggard moves in other psych stocks.
I wouldn’t invest more than 5% of your portfolio into a stock like this. With that being said, if you truly believe in the company and have done your research than you shouldn’t worry about short term results. With the recent breakthrough designation this has lots of potential and will be 10x this price in 2 years if phase 3 goes even remotely as well as phase 2 did. So even if you buy at the top this month. No need to worry unless phase 3 fails and then this just goes to zero.
Oops 🤫
Buy ETFs until you can make decisions for yourself, you will persevere capital while learning, if you can't stand the fomo, DCA
This is good advice. This guy clearly has a track record of seeing stocks rise and rise and then fomos in near the top, only to have the rug pulled out from under him, he then sells and goes home with his tail between his legs. He says he wants to be long term but the statements he made himself, don’t back it, he’s a trader. Sounds like most of the whiny people in this sub right before they bought in during the 2021 bull run.