Biotech Values

[10nisman]

Every stock buy should have a parachute price as well as a butterfly/rainbow one. If either get hit you sell, regardless. You do not buy a stock because it is undervalued, you buy a stock because you believe it will make you money, and you take profits where appropriate. The idea you roundtrip a stock from low teens to high 20's prior to approval, back to low teens after inspection failure, then all the way back to mid 30's again post approval until where we are now at 10, and you make from this ABSOLUTELY NO MONEY is your calling card. Load up again boys - train's about to roll in again, getting ready for another roundtrip to nowhere

Are you talking to yourself? Like I said in my prior post.. I buy on valuation compared to intrinsic value and I sell shares when the share price approaches my intrinsic value estimate. I also trade around my holdings which has resulted in having a zero basis in my RVNC shares. This means --- I sell chunks of RVNC shares during share price peaks like in the $30's earlier this year, I buy shares when the price falls to very attractive levels (like today's current price), and I also sell calls and puts when premiums are high.

BTW, did you sell your RVNC shares or still holding the shares you said you were stuck in? Based on your post, you should have sold your shares. If you sold, what price did you sell at?