Saturday, April 30, 2016 4:22:44 PM
If confirmation comes I will buy.
Stocks that are dependent on some event happening aren't worth the risk.
It may be worth it to buy and sell into the move as people hold and hoping for the best.
Look at the various Pharma stocks that go through FDA Approval.
If it's rejected, the stock goes down 50-90% and if it is approved, the stock may jump 20% and continue to run.
Holding through the event is not worth it.
Getting 20% gains versus losing 50-90% is crazy.
Buying after confirmation is worth it. (May also be worth buying into the hype and selling right before the rejection/approval.)
So, yes, I am interested. I want to see it succeed so I can buy in and rake in the money. It's just not worth buying and holding through. It may be worth trading on the hype. This week we will see one way or the other.
I don't want to see failure because I can't profit off it. Much better to succeed and profit together.
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