Australian (ASX) Stock Market Forum

MSB - Mesoblast Limited

My pick again this month.
It is trying to take off. Ended flat today on a down day. Announcements galore next month.
 
To put into perspective:
2006..14y ago:
First post on thread $unny bought at 56c...

Thanks God we got the dividends ;-)
 
To put into perspective:
2006..14y ago:
First post on thread $unny bought at 56c...

Thanks God we got the dividends ;-)
It takes a long time for biotechs to get there and if they are cash flow negative it can be a long road.

Biotechs aren't mining stocks, they take time to mature. You need to time them but they can be rewarding. CSL has been a 50 bagger for me. This one has been very profitable. And 3 phase 3 trial results due soon not to mention the covid opportunity.

Polynovo 5 times, Star Pharma is going to be great.

Get that with a bank.
 
Last edited:
Read won't know till Monday which is my birthday. An approval on ryoncil would be a good present!
 
Gonna get smashed today


Melbourne, Australia; October 2, 2020 and New York, USA; October 1, 2020:Mesoblast Limited (ASX:MSB; Nasdaq:MESO), global leader in allogeneic cellular medicines for inflammatory diseases, announced today that the US Food and Drug Administration (FDA) has issued a Complete Response Letter to its Biologics License Application (BLA) for remestemcel-L for the treatment of pediatric steroid-refractory acute graft versus host disease (SR-aGVHD). While the Oncologic Drugs Advisory Committee (ODAC)1 of the FDA voted 9:1 that the available data support the efficacy of remestemcel-L in pediatric patients with SR-aGVHD, the FDA recommended that Mesoblast conduct at least one additional randomized, controlled study in adults and/or children to provide further evidence of the effectiveness of remestemcel-L for SR-aGVHD. As there are currently no approved treatments for this life-threatening condition in children under 12, Mesoblast will urgently request a Type A meeting with the FDA, expected within 30 days, to discuss a potential accelerated approval with a post-approval condition for an addit ional study.
 
yep. important to remember it hasn't failed, it just hasn't passed today.
Ouch. I'm down heaps at present.
They have ignored the recommendation and want a randomized trial. The whole thing is delayed.
Damn. That hurt. I thought the evidence was pretty strong that it saved kids lives. Japan have been using it for a few years now.
How long to get back on track now?
 
not really, I disagree you vs Covid, but do not hate you :)
my pain is more acute as i put 10k on Wednesday and lost it today, the abruptness is hard to swallow.
I basically like that company product, innovation but it keeps slamming me:
Previous experiences were via systems so easier to swallow but still:
these are the last year MSB plays:
8k in all, inc 4k loss today (not sold so not realised yet)

systems entry
11/08/2020mesoblast
10/08/2020​
1101​
4.5​
10​
4964.5​
$3.810​
10​
$4,184.81​
-$779.690​
-16%​
MSB29/06/2020mesoblast
22/06/2020​
1100​
4​
10​
$ 4,410.00$ 3.25$ 10.00$ 3,565.00-$ 845.00
-19.16%​
MSB
11/11/2019​
mesoblast
16/09/2019​
2522​
2.17​
10​
5482.74​
1.79​
10​
4504.38​
-978.36​
-17.84%​
-26.05%​
MSB
16/03/2020​
mesoblast
23/12/2019​
2718​
2.01​
10​
5473.18​
1.44​
10​
3903.92​
-1569.26​
-28.67%​
In a nutshell that stock managed to loose me 8k in both systemic and not trades;
Can I add it is now blacklisted in my systems:)
 
my pain is more acute as i put 10k on Wednesday and lost it today, the abruptness is hard to swallow.
I basically like that company product, innovation but it keeps slamming me:
Previous experiences were via systems so easier to swallow but still:
these are the last year MSB plays:
8k in all, inc 4k loss today (not sold so not realised yet)

systems entry
11/08/2020mesoblast
10/08/2020​
1101​
4.5​
10​
4964.5​
$3.810​
10​
$4,184.81​
-$779.690​
-16%​
MSB29/06/2020mesoblast
22/06/2020​
1100​
4​
10​
$ 4,410.00$ 3.25$ 10.00$ 3,565.00-$ 845.00
-19.16%​
MSB
11/11/2019​
mesoblast
16/09/2019​
2522​
2.17​
10​
5482.74​
1.79​
10​
4504.38​
-978.36​
-17.84%​
-26.05%​
MSB
16/03/2020​
mesoblast
23/12/2019​
2718​
2.01​
10​
5473.18​
1.44​
10​
3903.92​
-1569.26​
-28.67%​
In a nutshell that stock managed to loose me 8k in both systemic and not trades;
Can I add it is now blacklisted in my systems:)
Scary mate. I don't have anything to say that could help, but I have also had a fair bit of misfortune with Biotech companies over the years :(
 
Scary mate. I don't have anything to say that could help, but I have also had a fair bit of misfortune with Biotech companies over the years :(
Trouble is half of the losses were within systems.msb going thru all filters as a decent candidate.price, volume etc...
I believe it is heavily manipulated...
 
Trouble is half of the losses were within systems.msb going thru all filters as a decent candidate.price, volume etc...
I believe it is heavily manipulated...

Could be. Looking at the recent price history, traders like myself could have been trapped and kicked out a number of times...

1601610678291.png


and earlier...

1601610868027.png


So if systems are designed in such a way to mimic trader behaviour, I can understand why they may have failed on this stock. I know I would have failed trading this stock, as I have with many other Biotech stocks in the past as I have mentioned.

Only occasionally you can be lucky to get in and ride a megatrend in these volatile stocks IMO.
 
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