Thursday, September 24, 2020 2:11:27 PM
did you know, that Gilead's pps actually went down in the days after Rem's approval and continued sliding for a couple weeks after. It seems a news report came out on April 29th which stated that they thought Gilead had enough data to submit and the stock price jumped on the rumor and then fell after the EUA approval actually came out on 5/1.
Like everyone else, I'm hoping for the "Trump Factor" and FOMO, however, I now have more realistic expectations for approval day. I hope I now won't be as disappointed, if things don't happen like everyone has been hyping it will on approval day (ie: 10 bagger, 20 bagger, etc). I guess, just like in politics, you have to tune out the lunatics on either side and make calm rational decisions. Now, if I'm wrong in reducing my expectations somewhat, and I sincerely hope I am wrong, then it's all gravy.
Moral: be realistic in your exit planning, but hope for the hype to exceed your expectations.
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