Your thoughts on Mayne Pharma (MYX) and Strike Energy (STX)

Hi John,

We’ve dealt with these two stocks separately but we have also discussed STX previously in another question today:

Mayne Pharma (MYX) $6.80 – This pharmaceutical stock is an extremely volatile beast having been ~$25  five years ago. At we regard MYX as a volatile trading play as opposed to quality investment option from a risk/reward basis it looks good at current levels after breaking out to fresh 12-month highs.

Strike Energy (STX) 21.5c – This oil & gas producer may look cheap but its tough call to know if its on someone has it on their M&A radar and it would probably require a significant premium to win over investors after its recent sharp drop.

• A decent bounce in STX wouldn’t surprise but its not an investment grade proposition in our opinion, although we haven’t followed them as closely as others.