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Re: StockBull post# 551

Thursday, 12/01/2016 4:18:55 PM

Thursday, December 01, 2016 4:18:55 PM

Post# of 1346
>>>You can also see this stock as a great example of my rule to follow on biotechs needing to have a minimum amount of cash burn ability. There were plenty who bought this in October @ 1+ area before they announced the cash offering in November, & those buyers since then are here yet today giving advice on this stock (LoL!).
I waited to enter after the share offering news in November because of one of my rules I always follow (that don't let me down) for cash on the on books, which APHB did not qualify for prior to November.
It's a good rule to strictly follow, so one doesn't get caught holding something that crashes after share offering news.
I told you that weeks ago about APHB. The cash raise that occurred in November shouldn't have been a surprise to any experienced trader. Its why avoided it, despite being tempted earlier at .80-1.00.

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