Biotech Values

[DewDiligence]

>>[DNA] was my first experience with shorting and it was quite an adventure. I was seriously under water at one point, but I shorted some more at that higher level and it turned out to be quite profitable.<<

I’m glad it worked out for you.

Your snippet is essentially the story of my investing career: many of my gains (on both the long side and the short side) start out as losses. I pay no attention to charts and will buy (or sell short) aggressively even when the market is moving against me. Some people (including a few vocal Yahoo posters) think I am nuts for “ignoring technicals,” but focusing on valuation has a way of working out pretty well in most cases. Regards, Dew