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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Sun Tzu who wrote (82766)12/19/2023 1:43:20 PM
From: Sun Tzu1 Recommendation

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The Ox

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Where is Lee when I want to taunt him?
This is from my last post on the subject to him (I'm replying to him:

CGEN is another one. The chart looks like crap. But the company has survived for 30 years going up and down. They are trading near cash value and have a few promising pokers in the fire. Their cash will carry them through for more than a year. After that, one of 3 things will happen: (1) A new bull market begins and they will rise high on the back of having been priced for bankruptcy but now having access to free money. (2) The economy is in shambles and they will go even lower or bankrupt. (3) One of their products gets approved and the stock will go sky high. How high? Just last year, BMY (GSK?) invested in them for $8 per share to have some access to their product. If they just go back to that over the next 3 - 5 years, you have a 15x bagger. The stock has a history of moving 8x from its lows.


And this is my CGEN today:
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