I am not forced to do anything. I buy because I want to based of massive amounts of due-diligence. I "watched" NW for 3 years before my 1st position and did not got about it blindly. Anyone claiming with distinct certainty when events will happen with pre-rev biotechs are being deceitful. Its a very tough industry to invest in, but the winner always make up for the losers...if you pick the correct winners. Timing is tough, but the cash I have invested here doesn't need to be touched for a very long time, so the ups and downs have only allowed me to accumulate more, at a cheaper price and take me out of short-term Cap gains, which can decimate ones profit margin come April.
Investing is all about buying stocks that WS is mis-pricing at that point in time, not the other way around. They (WS) get it wrong sometimes, which is why it isn't uncommon for pre-rev biotechs to surge 300+% in a single trading day. The best I have seen, and took part of was 650% in 3 trading days but have watched other, which I did not own surge 800-1000%. I was in 3 years early but netted 3500% on that position. Where was WS before the rise? Mis-pricing, as they do on with pre-revs. Biotech is a tough nut to crack, for both retail and WS. But we have a winner here with NW. SP appreciation will take care of itself in due-time. And you Mr. Maverick, will be long gone, along with your "Fireman" references. Thank god, as I dont even like being around campfires.
Best of luck.
