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Re: manibiotech post# 232287

Saturday, 06/08/2019 4:35:28 PM

Saturday, June 08, 2019 4:35:28 PM

Post# of 820550
That may be...But I was buying what I could at .17 and .19, because as I’ve often said, I frequently look for distressed potential gems of stocks that shorts target and then wait patiently. I have a strategy... my comment was about people like Pyrrh... not sure why you sought to defend his counter recommendation, while denouncing this company, at the same time it was being shorted aggressively. It was a reasonable observation from my perspective.

My strategy is validated FOR me, in that comparison...

Some people like AF indicate you should only buy highly capitalized biotechs... where the market has already decided they have a potential winner. My observations, and experience do not bear that out, universally. In some instances, actually the ones I have invested in, like Car-T plays, that was somewhat the case, but I did not buy while the market had the highest valuations, but when the markets where indicating fear, and anxiety with the same plays, and then only after careful due diligence and thought for each investment... but generally, I’m looking for undervalued plays, not overvalued ones. The market is frequently wrong, and stupidly so, and often obviously so for keen, but business positive long investors... not players who short to make money... they have a certain kind of facile bias that makes their insights completely about which side of the market they happen to be today... same with swing traders... also something I do not do.

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