BUY Medicinova (MNOV) Strong Speculative BUY

Though my guru hates pharmaceuticals….I’m speculating on this hot fizzy stock that’s been dropping since its debut late last year. It is down more than 21% since its debut. The recent news on concentrating on two drugs and stabilisation of the processes..has rung the bells.

25% of the stock is held by insiders and institutions. The balance sheet looks clean with 0 debt. The company has not been making any profit and that’s what puts it into the hot speculative call list.

Look for a negative day and get in around $8.35

Good Luck,

Your Adarsh.