Avid Bioservices Inc (CDMO)

[vinmantoo]

At lease once/week, take a step back and pretend you don’t already own any stocks and ask yourself if you would buy into the stock or stocks that you own given everything you know. If the answer is no, it’s time to sell. If you would be relieved that you are no longer tied down to a stock, run like hell. It doesn’t matter what you paid for it. Don’t throw good money after bad. I hope this will stop a few people from losing money to the “hopium” that springs eternal in the most abused of investors, the optimistic biotech investor, and find the greener grass of the companies like TGTX, RARE, CYDY….etc that don’t get as much attention, but have a ton more opportunity because the share price doesn’t represent massive optimism. Don’t ever forget: optimism is your enemy in biotech investing.

Great article mike. The last paragraph from the article, which I placed in the quote above, is something to always keep in mind. I will add something else I try and keep in mind. Better to make less than you could have than to lose more than you feel comfortable with. In other words, don't be greedy.