NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

I can only imagine would it would be like to have held NWBO so long and experienced so many ups and downs.

I've held blue chips in my dividend portfolio for roughly a decade and that's just a qualitatively different experience although I try to use the patience from there and apply it here.

What I've learned about investing promising biotech companies like NWBO is this:

1. Don't get in too early, you'll get diluted to hell and take on lots of risk yet reap fewer rewards than those who start investing much later.

2. Don't get in too late or you'll miss out on the big gains because the market will have already priced in the potential.

You have to find just the right spot, where most people don't realize what's about to happen and the market hasn't priced it in yet.

NWBO's leadership including Ms. Powers and Mr. Goldman did a good job of making me think NWBO was near the finish line in their TV comments. They had to know better sooner than they admitted it and certainly didn't rush to correct themselves.

I'm glad they tricked me though since I've still made good money.

If I were making my initial investments today with the knowledge that we were not a year away from Phase 3 being done, I would have utilized dollar cost averaging and have a better cost basis.

But with an average price in the mid $6.00 range I'm not too badly off.