Sorrento Therapeutics Inc (SRNE)

[chxal]

Hey Andeker! You can make this "right"!

By:

1. get your emotions out of this PRONTO
2. re-affirm you are invested TO MAKE MONEY, not lose it!
3. formulate an EXIT STRATEGY, based on your cost basis plus
the amount per share you want (profit you would like) to gain.
4. set your SELL price as good til cancelled
5. Evaluate how much you would be willing to LOSE triggering an early exit. This is the hardest part. Making the decision of "I will sell all or half my position if pps drops to 'x' or x % of my purchase cost. Normally I do not set a stop loss because if there is a lot of volatility in the stock or the market, the stop loss could be triggered on a "bad day".
6. DISCIPLINE, DISCIPLINE, DISCIPLINE!! Stick to your plan, you will sleep at night if you do! Some times you will come out like a champ, and some times you will be a chump....but you won't second-guess your investment thesis if you plan it out carefully based on the most information you can muster to support that thesis. Don't listen to message board pundits on price, that will be determined by the market who is more interested in INTRINSIC VALUE of sales, revenues, products, company, shares outstanding, etc. etc. etc.
7. Say your prayers each night, drink your KL in moderation!

Best of luck to you- Chxal