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Re: D-Mike post# 470322

Tuesday, 05/10/2022 5:16:42 PM

Tuesday, May 10, 2022 5:16:42 PM

Post# of 704432
Sorry you didnt sell any Mike. It sucks to watch profits dwindle away, but it happens. Earlier in my investment career I learned the hard-way. I am never afraid to take profit is I am not feeling comfortable about something. My guy was correct. Usually is.

I understand Wall Street better than I do the science and its always treated me well. Retail investors are seldom correct in biotech, and all this talk about super-high valuations and the like really turned me off. I started to get bearish, as far as the SP is concerned, when visiting this board and stocktwits...people posting absurd stuff...$50 SP and $50 billion BO offers. Does anybody seriously think WS was going to let a bunch of retail investors, most who just purchased in the last 3 weeks, get rich over-night? Its NEVER that easy, ever.

Either way I am happy on the data presented today, but feel this is dead money for a few more months. I dont know time-lines from BLA to approval for Orphan Drugs, but given the way NWBO Management botched this "big day", I am saying 6-9 months until approval. Hope I am wrong, but going with this timeline. In pre-revenue biotech, the only thing that matters is approval to commercialize, anything short of that is just noise. Conferences, ASCO, Journal Publications, all dont matter. Sure, they might bump the SP up 5-15% short-term, but long term foundational SP gains will come with approval. Plain and simple.

Good luck and chat later,

-Fireman
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