Thursday, September 18, 2014 2:34:51 PM
Yes, in biotech you have to be prepared to sit patiently for years until the initial premise works it's successful way thru all the different stages of research. No biotechs for you!
Seriously, you have to look at the science, assess what you can of the competition, buy your lottery tickets, BLRX included, and watch carefully to make sure they have the cash to pull it off. Then you have to hope whoever is the Chair of the Fed does not pronounce your sector overpriced, that AF doesn't start target practice on your stock and that Henry Waxman does not pronounce your drug/device/treatment unconsionably overpriced.
I can see why many folks use biotechs to trade in and out of.
Steve
All I say is IMHO and not to be construed as investment advice. I know nothing, as informed frequently by my wife.
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