Avid Bioservices Inc (CDMO)

[vinmantoo]

Many LONGS with 6 figure losses, sad that this investment will be our legacy of investing futility. Grave stone marker reads: PPHM/CDMO coulda,shoulda,woulda made me rich......

Sadly that isn't unique with PPHM/CDMO. It happens to everyone at some point. It sure happened to me early in my investment career and I can tell you that I often think of that and my foolish greed. It is easy to get caught up in the hype and side with the pumpers and dismiss or even attack the naysayers without really heeding their warnings. To my shame, that is what I did. If you learn from your mistakes then it can be valuable lesson.

The biggest lesson I learned is preservation of capital. You can get into speculative early stage stocks but you have to start peeling off shares at times when the stock price goes up. The goal must be to get back all money you initially invested so you are playing with house money. Dreams of untold riches are great but don't get too greedy as it is better to make less than you could have than to lose more than you can afford. It is even better to book some profits while you peel off some shares. You can also buy back some shares if the stock drops a lot if you consider the drop unwarranted, as long as it is only some the profit you booked or only a small part of the initial investment you recouped. This can be done in cycles to significantly increase your shares without increasing your risk of loss.

Good luck.