tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
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Did you predict the breakout?
Was it due to the continual resistance?
"Melbourne, April 7, 2011 (ABN Newswire) - Mesoblast Limited (ASX:MSB) (PINK:MBLTY) wishes to inform the market that the Board of its strategic partner Cephalon Inc. (NASDAQ:CEPH) has rejected the unsolicited proposal from Valeant Pharmaceuticals International Inc (NYSE:VRX) to acquire its issued share capital or certain assets."
Anyone know what this is about?
lol you must have missed the dramas last week i think it was. here are the cliff notes: Valeant made an offer to overtake cephalon, everyone in mesoblast got spooked and sold off under the impression that valeant would either drop or renegotiate mesoblasts milestone payments etc. sp dropped.
mesoblast issued a statement saying that their payments etc were fine and that they had plenty of funding for all their trials.
recently cephelon rejected the offer valeant made, so now valeant has around 25 days to try and replace the board of cephalon with a more compient board that will accept an offer.
thats what i can piece togeather anyways. im guessing mesoblasts SP will be pretty volatile until that period is over.
Seen a 5% rise on big volume on the 18th with a couple of days of drying up volume..
Is this a chance to make a big move next week when everyone is still on holiday mode?
Only a few cents away from its all time high at 8.31.. No selling..
Is everyone holding out for $50??
Another solid couple of weeks followed by a decent pullback today.
Any ideas on how you go about setting a price target for this one, do you think it is safer to trade shorter term locking in profits along the way and hopefully not missing out on too many of the decent up days??
I know i'm (fairly) happy to sit on this one as the cost of brokerage is too high to short term trade with what I have to trade.
back on another site there,s a bloke spruking bad news anybody heard any thing
Anyone got any ideas on MSB's share price collapse today?
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