Vericel Corp. (VCEL)

[scubastevemd]

I am not a short. I had owned this stock in the Armstrong days like 20 years ago and many reverse splits back. In my 40 years of investing I have noticed one overall thing. Shorts are right more than wrong and if I had followed them I would have been better off. So I ask myself why this is? I conclude that what most of us see is large potential of a stock or technology, but we discount just how long it will take, if ever, to come to fruition. Many times the market changes like it has with VCEL (formerly ASTM). You have competition, regulations etc. On top of this rounds and rounds of financing. Heck, I remember in 8th grade doing a paper on photovoltaic cells and had thought that 50 years later they would be powering most everything and while they have advanced they provide a small slice only. We tend to get caught up in potential and see what we want. We create our own reality. A false one at that. Shorts are more realist and know the odds of success of a small biotech or many new high tech companies are slim. To them it is about the odds, which are on their side.
Again, not a short, just an observation from someone that has eating humble pie many times and seen a ton of money I should have taken off the table go bye bye.