I find it extremely difficult to say at least one of those stocks is the your worst performing RDHL I find it hard to believe it is for anyone. I got in 5.75-6.25 flipped 10% @ 7+ 10@ @8+ and 10% @9+ on the original pop on FDA approval, I preset sells so as to take my cost basis down. Then loaded the low of the lows on the drop and flipped all of them out on trader high volume days, I am actually down to under $3 cost basis on the lot.
FOMX will end the same, although I was not a fan of the merger I finally realized its reasoning, MNLO was nothing but a shell full of cash so the merger with the chance of yes their drug may finally come through on its 5th tested disease but it didn't, now I will received another 1.2 shares for MNLO's failure. It was a case of that or dilute FOMX to get the further cash to fully rollout the commercial structure to launch Amzeeq and to have that same structure in place for the next PDUFA passage in the beginning of June and the cash for further completion of their next pipeline candidate 105. It is what it is, and I know going into it that is what happens with ALL biotechs and in the end I will win its a given, its an investment and going through one of the worst markets in decades due to the Corona fraud it has still as RDHL had performed rather well and will end well.
ASNA it as has all retail been attacked and shorted and #$%^&*() with as all retail has, contrarians can rollout their retail is dead everyone will be making their clothes at home I guess, building their own TV's etc etc etc. or I guess their will be 10's of millions of UPS etc. vehicles burning fossil fuels at unprecedented levels as all retails will DIE that's the party isn't it?
I treated it as anything else had my sack and flipped 10K blocks as it was #$%^&*( with as I have pretty much every position I have, that my friend is how one plays the market all the while holding ones position.
By the time the flipping is don I will have a cost basis of maybe $2, maybe $1, maybe free. I been through things similar and know how to use the market fluctuations to my advantage, I set all my shares held at high sells to hopefully stop them being loaned out and play the bottoms, what in the world do you think tutes do?
They are what makes the market for the most part, they trade as they hold, its a reality pretty much a known secret. I am not the smartest guy in the world but I have common sense and after going through things like this and understanding how fortunes have been made throughout the past 150 years in the market end up doing okay. Hint, always leave 30% in cash always wait for the capitulation then start playing in the mud at the bottom flipping what you can and building the size of said flip each and every time it does so.
One can do nothing but that. Facts are facts this could be broken up and sold separately at 50%+ of its debt, hell what they have left in Maruice's they can get $200 million.
People don't use common sense and a calculator they just listen half speaking idiots that play with their mind and their money, I don't I take advantage of their BS. LPI I started adding 2-2.06 added every dime til it got to 1.46 on the oil hype crushing then stopped at 1.46 with the corona fraud then when it got to the bottom I loaded and have done so at least a dozen times flipped out twice at 100%+ and the rest 50% its easy, in a few more flips everything in my sack that I still own @1.46-2.-6 will be free its how the game is played, I didn't make the rules and hate the fact computer trading and bots have totally made the market a joke, trading on algorithms rather than fundamentals, but, hey we adapt, we see we are right fundamentally and roll with it.
Bitch about the game, but, play the game at the same time, one has no choice but to do so. I could make an insane living just trading the algos etc. but, I choose to continue to build my wealth by making investments as well and using my own common sense and brain to do so.
The game is easy once one realizes how its played, put what shares you have out of reach and flip what you can building on that money and focus on that forget about the red part, build what green you have into something that can be more that what you held before. To many people in the market today that haven't a clue actually how to build wealth or invest, they know trading and that's it, I commend them well done, but, they will build no real wealth if you don't/haven't built yourself up to 8 figures in a decade you are waiting your time and should trade as a side hobby and get a real job and although that sounds harsh it is a reality and you are but pissing in the wind and worrying constantly.
Traders make a living which fluctuates wildly, I build wealth.
Peace out.
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