Replies to post #213041 on Biotech Values

[linhdtu]

so did you trim on Tue the day after pam results or the last 2 days. if i had to pare down my stake for a reason like yours (with which i agree 100%) i wouldn't do it yesterday or today.

instead i have been adding. i have no idea why the general mkt is tanking. maybe because of saber rattling about Kim Jong Un lol. if indeed it is , i would be buying which i did.

for the simple reason that in the way i look at the world and people and people's behavior, it is obvious to me the rich and powerful have the most to lose in case of hot air war turning into real war. and both Kim and DT have plenty to lose, especially Kim, not even counting the hapless and unfortunate south koreans as collateral damage.

[mcbio]

Having a 1/3rd of your portfolio in one stock ...especially if its a large $ position ...is high risk no matter how well you think you know the known unknowns... let alone the unknown unknowns .

Should clarify: that ~30% figure refers solely to my taxable account (which I pretty much exclusively invest in biotech). My retirement account is in pretty broad-based index funds where I'm not taking a ton of risk. If you include both accounts, that would drop my largest holding down to roughly a 15% or so weighting.

[zipjet]

I understand Kiwi.

My biggest mistakes have been selling too soon, taking a 2x or 3x. ALXN, CELG, ARIA or selling at a loss when I could have had a 10x from cost GAEO - just a few examples.

I am trying to learn from those - but each of battle our innate id.

GENT is one where I got it right and rode it from 5 to buyout at 56.

Jim