Avid Bioservices Inc (CDMO)

[until2000]

I would feel sorry for you if I hadn't done this so many times myself.

There is a devil in this stock just waiting to punish those of us who have tried to outsmart it.

My policy is to buy and hold for 5 years. I've owned this since my children were in elementary school and their all out of college.

In the heady days when it went to $16. 40 something, I sold half at $2.00 bought again at $4, $8, and $13 before selling a whole thousand shares at $15. I doubled up over the next three weeks as it dropped back into the 2's.

I refuse to get sucked in again. I'll hold as much as I can afford to for as long as I can. If they get bought out, I'll go with the buyer. I think it's only a matter of time before they get results that lead to final drug approval.

An asside, I know we are all trying to find whatever logic we can to help us decide whether or not to continue this ride. Another piece of the puzzle is that I have a young acquaintance who is a lawyer for Pfizer. Her job is to look for small biotechs. I gave her PPHM at a party, and followed it up with several emails. While I have asked her to get back to me, she has not. I know she got the emails, but she will not talk about PPHM. Perhaps there is something going on there?

Just something else that gnaws on me.

Good luck Charlie, let's hope that this time it will be different.