I thought I’d post about my thoughts on MMED. First of all, please do your own due diligence and do not fall victim to the pump, hype and euphoria. These are highly speculative investments and have significant risk associated. All that said, there have been many requests for fundamental analysis and MMED projections so I wanted to provide my thoughts.
*All figures in USD (market cap, sales) except for my investment holdings. I purchased MMED.NE shares. Source data available as well, but got messy with all the 10-k filings and links in the table.
First and foremost, I want to address the most commonly raised question on this thread: “Is it too late to buy MMED?” Any investment is subject to the risk / reward paradigm. Those that got in at $0.3 deserve every penny they earned as MMED was by definition a penny stock and one of the most risky investments you could own. Since then, it has grown tremendously due to scientific milestones which have pointed to significant progress in the industry.
The milestones MMED has achieved have DERISKED MMED from a penny stock to a small cap biotech company with a very large drug portfolio and numerous future catalysts. I do not expect to make 10x my investment in a week, nor should you. Is there still tremendous upside even at the current valuation of ~$1.5bn? I strongly believe so and will let my position reinforce that.
I entered this space with an average cost of ~$4.9 CAD, holding 311,206 shares, and a book value of ~1.5MM. Yes you read that correctly. Do I panic every day and check the ticker? No. Does my heart beat thinking of the time I evaporated ~$500,000 in unrealized loss when the stock was at $3.4? No. In fact, I continue to pick up shares at what I believe is a discounted valuation. There will be many that look at $4.9 entry point and think that even I got in at the bottom. It’s all relative.
I only invested what I could afford to lose and although $1.5MM is a large sum of money, it is not my entire portfolio, nor would it impact my daily life. If I lost it all it would not impact my ability to service my mortgage, pay my bills, impact my other investments, nor prohibit me from doing the things I love. I continue to hold dry powder and monitor my investment on a monthly basis, while continuing to buy following successful milestones.... keep reading on reddit ➡
TLDR; Berkeley returns, two (2) Columbia waves incoming
Hello everybody <3 I hope you all come into the weekend thoroughly drenched in waves, and if not, then keep holding tight because tsunami season is officially upon us! My baby brother said "waves Monday" so clearly the calendar isn't really needed this week, but I'd nonetheless like to take a moment to gloat a little bit about last week's because I finally got Georgetown right (please ignore the part where I put Chicago down for Wednesday).
On a more serious note, reading some of your posts from this past week, I hope you guys are taking time to fully experience your emotions - whether they are elation, envy, sadness, relief - and know that they are valid. However, though I continue to wholeheartedly wish you all the outcomes you deserve, I have to add the caveat that those might not be law school decisions. I definitely don't want to feed into the anxiety of the process with these posts, so I just wanted to reiterate that whether you are included in a wave or not, whether you're accepted or not, it doesn't dictate your worth as a person or as a lawyer.
As always, I am happy to go into each prediction in more detail if you want to shoot me a message or comment, but I am also happy to just chat and commiserate if anyone needs a judgement free ear.
Finally, I am sad to announce that UCLA will no longer be included in the table; they don't really do "waves" per se and my stubbornness in including them was providing very little of value towards the end :P So without further ado, here is the new T-14 iteration of the weekly forecast!
This week last year (01/27 - 01/31, 2020), predictions for this year (01/25 - 01/29, 2021)
|School||Last Year's Wave||Notes/Predictions|
|1. Yale||A few A's 01/27.||Last week, I guessed that Yale might be doing monthly R waves followed by an A wave the week immediately after; this seems to have panned out so expect nothing for another two weeks.|
|2. Stanford||R's 01/27 - 01/31.||Last year, Stanford seemed to do alternating A and R weeks, this year they're all mixed together. Once those decisions started, though, there didn't seem to be any pause, so expect **m|
TLDR; Chicago and Columbia set to make their RD debuts, Wednesday is a very big day.
How do you do, fellow kids. What a week it has been! Honestly, I was mainly left wondering, how am I supposed to make my little predictions when these schools are just acting up??? But anyways, here we go again, and happy Martin Luther King Jr. Day in advance from a neighbourly spot up north! I'm wishing you all (but especially my fellow BIPOC peeps) all the success and love this week <3
Methodology and the like can be found in my previous posts, but if you want to ask me about my reasoning, gall, or anything and everything that that's troubling you and/or piquing your interest, feel free to DM and comment under this post! Finally, thank you so much to everyone who has been giving my posts awards, you are all too kind.
This week last year (01/20 - 01/24, 2020), predictions for this year (01/18 - 01/22, 2021)
|School||Last Year's Wave||Notes/Predictions|
|1. Yale||Nothing.||Last year, Yale's R waves came in December, February and March; this year the two we've seen have been almost exactly a month apart (12/14 and 1/13), perhaps pointing to monthly waves? Last month, we also saw a microscopic A wave come the week after the R wave on 12/22, so I'll tentatively put down 50% for an A wave this Thursday, 01/21.|
|2. Stanford||A's 01/22 - 01/24.||I think Yale and Stanford got their schedules mixed up; we were due for a Stanford R wave and got an impressively miniscule trickle of A's and R's instead. I'm still not sure what to make of it, so I'm giving a tentative 10% to the chance of seeing another A and R "wave" to pad out last week's.|
|3. Harvard||Interview invites Wednesday 01/22.||Harvard's going FAST; we saw A's, R's, and interview invites last week so I'm going to guess that there'll be more KJ1's this Thursday 01/21.|
|4. Columbia||A's Thursday 01/23 (and 01/17, 01/28, and 01/30.||IT'S TIME, FOLKS. Expect the A's to begin by this Thursday, 01/21.|
|4. Chicago||A's, WL's, R's Wednesday 01/22.||Last year, Chicago sent out interview invites 01/17, the Friday before they sent out the first RD decisions on 01/22. Since they sent out interview invites this pa|
The list is updated with COVID's impact on both economies.
US GDP Growth Forecast 2019-2024 and up to 2060
China GDP Growth Forecast 2019-2024 and up to 2060
Both Forecasts are by World Bank, OECD and IMF.
I know that trends aren't always indicative of what will happen. But people were saying that China's nominal GDP would pass the US much earlier (in 2005, it was predicted that they would pass the US even earlier, and now it's 2028). With that being said, China's economy will surpass the US because of the sheer population differences. It just won't be the 3-4 times the size like trends list that didn't include slowing nominal GDP growth.
So, anyone worried about Chinese Hegemony is mistaken. Since both will end up around the same GDP, US's superpower status is not in doubt (USSR economically was less than half of the US). Sure, it's in a relative decline as the rest of the world is becoming more developed, but in absolute terms, it's power is not declining at all. The US had the world's largest economy since the late 1800s, but didn't become a superpower until 1945. Not to mention the fact that the US has far more allies like the EU, Taiwan, Japan, CANZUK, SK, Vietnam, India, etc.
China is becoming a superpower. There's no doubt about that. But will it become a world hegemon like the US or Britain before it? Absolutely not.
And yes, the list indicates that the demographics situation in China will have a profound impact on China. And no, China is an authoritarian Han supremacist ethnostate that is committing genocide (Sinicization) on the Uyghurs and will not mitigate this with immigration.
Hi everyone. I'm part of The Economist's data team and analyse large data sets, create models and write data-driven articles about the US election, among other things. I helped create our US presidential forecast, which currently sees Joe Biden in the lead to win the American presidency. I can answer questions about how I build election models, why this year is different to 2016 and any other questions you might have about data journalism at The Economist.
EDIT: Hi everyone. Thank you for all your questions! I might come back later to respond to some stray queries, but unfortunately I don't have unlimited time to answer them all right now. If you follow me on Twitter, I actively answer follower questions there as well.
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