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Saturday, January 15, 2022 12:29:20 PM
and also remember, biotech is a dicey sector to begin with, major swings with enthusiasum and god knows what else up and down. the market is frothy, the government is all in, they have their pensions at stake, dumping rates in the ponzi, pumping in 120B a month, all heads are on the line.
The stock is up in a year or so from 4.50 to the current price, a return which beats the heck out of any other investment you can think of. Money is supposed to double very 8 years ago. The share price today is 14 bucks. Case closed. One man primarily did that outsized performance. A bob beamon long jump thing.
Doc said something good as usual, trying to smell a rat, suggesting that Chris Misslling might have an optimism complex, or disorder or some BS the way the medical people make these catagories up, to give their opinoin more weight. (I have a criticism disorder because I am smart, or I have a superiority complex because modern americans are disasters....blah blah,)
The truth is this: I have represented 100 businesses, via the boss (CEO0, plus a lot of creative people who came to me in moments of serious personal emergency, where their own lives or families or kids or marriages or companies were in desperate straights, some medical types btw, where they could have picked anybody, as I had my own practice, blah blah), but have never once met a pessimist who has ever, in all those thousands of clients, who ever amounted to anything.
Not saying they were bad, or punching a clock is ever bad, or being steamrollered by life is the person's own fault. What I am saying is that the future is to the dreamers, and pessimistic people, snarky people, never amount to much, and maybe some might themselves get to be classified in some new american medica disorder category, where the docs can bill the insurance company for the DX.
But, and there always is a but, doc is very sharp, aka the helpful informative "gamblin doc",... and there is cause that the shaker and mover of any small company, can be high on his own supply. These people are dreamers, high achievers, ball busters and mold breakers.
That can happen, and does happen....the scientific community will just blow off the dead body like hey, he tried....
Meaningless over but remember Frank's 2 rules. Concise rules, one of which, he himself violated. .....lbha blah
ps: to end2War: i have no idea how high the rate cycle will go, but it is a rate cycle...the Fed in its entire history, moves in cycles....they don't jitterbug around, up and down....so yes we are in a cycle higher...they are talking 4 hikes now, increased from 3, this year, that is the wall street estimate now, revised up, but that is just BS...The FED now is at the apex of credibility, with the dumbest investors since 1999 or 1929....it could end up being double or triple, in which case, we go into a ice age depression.....who knows.
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