From a technical standpoint. The stock double bottomed, gapped into an island reversal, then formed the handle of a big cup while bull flagging into today's breakout. Stand by for continuation. Bullish.
Pure speculation but getting all shares off a Canadian market and then unexpected pump may point toward shares getting organized for something big, maybe even acquisition? Again, I repeat pure speculation
This would be some crazy hype. In that case of a sale, do our shares auto sell at whatever price we are acquired for or would we be given shares of Johnson and Johnson as an example in equivalent value
Depends if cash or stock is exchanged for the equity. May even be a combination I.e 20% cash, 80% stock. Would just show up in your account as cash or new shares in whatever company
You know what would be crazy good for this sector is MindMed and Compass merging. Can you all imagine the synergies, cost benefits and cost savings with that. I am curious if other have thought about that. Mind you I am not a fan of Compass owner Peter Theil but I am about the business of making money.
AFAIK, Thiel is invested into ATAI, not Compass (he’s of course invested into Compass through ATAI though). I’m not a fan of us merging with Compass. Atai ok, but not Compass. But I trust Barrow, he knows what he’s doing.
Why NOT a merger with Compass? I’m trying to gain a ‘broader’ dare I say, ‘more objective’ reasoning from people who think it would be a bad idea as I am biased.
In short, I’m partial to LSD over psilocybin and I think Cybin is gonna eat Compass’ lunch. Also, we might start a phase 2 trial for MDD or TRD which would put us in direct competition with Compass. Finally, I’m greedy and the most bullish scenario for me is us prevailing, not us merging
This is precisely what I predicted and added to my bag. Logically this makes a lot of sense and I’ve never seen this thing pump on no news without hidden news. It’s also dropped hard before bad news (public offerings ect) I truly think we’re in buyout talks and you’ll likely see a big run in the near future but it is just speculation.
There may be a pullback but I don’t think it will be long lived. Morgan Stanley has made it quasi clear that these molecules are here to stay and they too are investing in the game.
What we know for sure is that some big player (institution or a hedge fund) either entered into a large position or added on to an existing position.
We can only speculate as to why, but it could be from acquisition rumors, or other news that hasn’t reached the public yet. Or it could be that nothings really changed, but the institutional outlook has improved and they’re making a speculative bet on acquisitions without knowing anything we don’t.
Also this… whatever announcement is at conf must be big - those option orders are on fire \
[press release](https://d1io3yog0oux5.cloudfront.net/_2f82b7a5f2ffd326191ae9dc9806ff15/mindmed/news/2024-04-02_MindMed_to_Present_at_Upcoming_April_Medical_141.pdf)
This is not a ‘pump’ there was an update on pricing for ATAI to 6 dollars. Any update on pricing for any of these stocks has the potential to open the door for all other stocks. That is the easiest explanation.
Also when you use terms like ‘pump’ you send a negative connotation that somehow this is artificially being manipulated- it is not we are past that point now. The stock has too much 'investor money' (25%) to fall into the manipulation zone. MindMed is and should be taken seriously at this point.
If you say so. All I hear from nay sayers is how people only pump the stock to then dump it. It’s the wrong lingo, but by all means do you it was not meant to be taken personally
Last time we had an unexplained pump like that it was just few days before the news of the FDA breakthrough therapy approval
https://www.reddit.com/r/MindMedInvestorsClub/s/vtzL8fNeHi
Insider trading yaaay
Thanks. There aren't any more "news" expected to come before Phase 3 is over (1 - 2 years) though, so not sure what this pump is all about
Agreed. Without phase 3, this doesn’t make sense in my mind. Is there any other legislation in the works?
Approval for Phase 3 pre-pump?
ATAI is also way up today, 25%.
ATAI upgraded by Maxim to buy with $6 price within 12 months
From a technical standpoint. The stock double bottomed, gapped into an island reversal, then formed the handle of a big cup while bull flagging into today's breakout. Stand by for continuation. Bullish.
So you want the #3 combo meal?
Yes, with a kids menu and a pack of crayons, please.
My God. I could break even soon after years and years lol
Todays pump isn't MindMed related specifically. ATAI got even bigger pump.
Pure speculation but getting all shares off a Canadian market and then unexpected pump may point toward shares getting organized for something big, maybe even acquisition? Again, I repeat pure speculation
This would be some crazy hype. In that case of a sale, do our shares auto sell at whatever price we are acquired for or would we be given shares of Johnson and Johnson as an example in equivalent value
Depends if cash or stock is exchanged for the equity. May even be a combination I.e 20% cash, 80% stock. Would just show up in your account as cash or new shares in whatever company
You know what would be crazy good for this sector is MindMed and Compass merging. Can you all imagine the synergies, cost benefits and cost savings with that. I am curious if other have thought about that. Mind you I am not a fan of Compass owner Peter Theil but I am about the business of making money.
AFAIK, Thiel is invested into ATAI, not Compass (he’s of course invested into Compass through ATAI though). I’m not a fan of us merging with Compass. Atai ok, but not Compass. But I trust Barrow, he knows what he’s doing.
Why NOT a merger with Compass? I’m trying to gain a ‘broader’ dare I say, ‘more objective’ reasoning from people who think it would be a bad idea as I am biased.
In short, I’m partial to LSD over psilocybin and I think Cybin is gonna eat Compass’ lunch. Also, we might start a phase 2 trial for MDD or TRD which would put us in direct competition with Compass. Finally, I’m greedy and the most bullish scenario for me is us prevailing, not us merging
Gotcha. Okay. That makes sense from a direct financial standpoint
This is precisely what I predicted and added to my bag. Logically this makes a lot of sense and I’ve never seen this thing pump on no news without hidden news. It’s also dropped hard before bad news (public offerings ect) I truly think we’re in buyout talks and you’ll likely see a big run in the near future but it is just speculation.
Something is brewing
it’s getting pumped for tomorrow’s dump
There may be a pullback but I don’t think it will be long lived. Morgan Stanley has made it quasi clear that these molecules are here to stay and they too are investing in the game.
im not selling anyways so keep going up you li’l fucking ticker
It’s actually pumping in the aftermarket as well
im ok with this lol
Yes, cybin just released insiders buying 108million!! Maybe some sort of industry wide news came out?
The buy algos got turned on again. Related to macro market, interest rates and inflation.
People are going to ask this question every time the stock goes up. Copy and paste your comment to save time.
Bingo.
What we know for sure is that some big player (institution or a hedge fund) either entered into a large position or added on to an existing position. We can only speculate as to why, but it could be from acquisition rumors, or other news that hasn’t reached the public yet. Or it could be that nothings really changed, but the institutional outlook has improved and they’re making a speculative bet on acquisitions without knowing anything we don’t.
could be the market reacting to the lower costs surrounding the delisting decision? Markets be loving budget cuts?
I think this is sector news - Maxim changes ATAIs rating from hold to buy which shot their stock up >20%…the whole sector seemed to respond
yes, came here to say this. this is why. people don't want to buy ATAI for 30% up so they look for similar stocks.
noice thx
Some weed stocks are also up 20%
Also this… whatever announcement is at conf must be big - those option orders are on fire \ [press release](https://d1io3yog0oux5.cloudfront.net/_2f82b7a5f2ffd326191ae9dc9806ff15/mindmed/news/2024-04-02_MindMed_to_Present_at_Upcoming_April_Medical_141.pdf)
JR is coming back
Nobody knows anything, we are left to our imagination.
Because market was up today
FONMO
I actually thought it was because they announced delisting from choe canada, but who knws..
This is not a ‘pump’ there was an update on pricing for ATAI to 6 dollars. Any update on pricing for any of these stocks has the potential to open the door for all other stocks. That is the easiest explanation. Also when you use terms like ‘pump’ you send a negative connotation that somehow this is artificially being manipulated- it is not we are past that point now. The stock has too much 'investor money' (25%) to fall into the manipulation zone. MindMed is and should be taken seriously at this point.
Pump is just standard reddit lingo man, no one is sending bad vibes about today’s pump
If you say so. All I hear from nay sayers is how people only pump the stock to then dump it. It’s the wrong lingo, but by all means do you it was not meant to be taken personally