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Friday, July 17, 2020 8:07:10 AM
It does now in my opinion.Why?Let's back up for a second and look at real life facts as how it relates to owning a stock that has been unprofitable for an extended period of time.Any stock for that matter-but we will use TMDI because...well we are here and own it.
Why does it seem so easy?Simple.You walk into a casino,many slot machines in a row.Players all sitting there putting in their time and money.You stand around watching for 10 minutes.First person gets up and leaves the seat.You sit down,drop your coin in,pull handle and the lights start flashing,sirens,bells etc...You hit the jackpot for xxx amount.
The person that was sitting there hears the noise and walks over to you."It's not fair,I have been sitting there for 3 hours today and have played that same machine for over a decade.Same one,every time I come here.I have spent xxx amount of money and time and just when I leave empty handed 'again'....you come along sit down and became rich.Just not fair again."
Well folks,that how it is with stocks.You can invest a decade in a small biotech company going through offering,setbacks,fda denials,etc...then when the time finally comes to seek FDA approval for the second or third time....a new investor hears about it a day in advance and buys in for the first time ever.He buys same amount of shares as you have and cost him less pps.FDA gives approval and you both make the same wealth.Only you feel cheated because of all the time you had with the company over a decade. Was it easy for you? NO.It was not.Did it seem too easy for the new investor? Yes.Were the odds any different for either of you?No they weren't.
Was the timing everything?Yes.So in closing it is not easy nor hard for anything to happen to make you wealthier.It's timing,all about timing,(remember the casino slot machine).One guy puts in the time and money for a decade on the same slot machine,another walks up and gets the wealth.
Just how it goes with anything.If you aren't involved trying to exceed at something,then you can not possible win.You have to be in the game to play for the reward.Whatever that might be.
Thanks Roll
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