Biotech Values

[linhdtu]

That guy is real. I remember him from IV Elan msg board.

He sold out of elan and bought into dndn is the high 20s somewhere and even changed his moniker to start a new chapter.

I do feel bad that he does not manage risk effectively.

Personally, as part of my risk assessment and mgt plan I have sold off 2/3 of my mnta stake when it hit the high teens and low 20s.

What I have left is still a lot , around 30K , which is what the 1st rule of the Zurich Axioms prescribed.
On Risk:
- Worry is not a sickness but a sign of health – if you are not worried, you are not risking enough.
- Always play for meaningful stakes – if an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring any significant gains either.
- Resist the allure of diversification.

http://www.ritholtz.com/blog/2011/02/the-zurich-axioms/