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Sojourner55

06/12/20 12:41 PM

#289153 RE: Basin Street Blues #289152

Did Woodford's investment influenced your decision to load up? I presume that was on the way up? Those were the days that almost every day was an up day all the way to 12+.
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Poor Man -

06/12/20 12:56 PM

#289159 RE: Basin Street Blues #289152

There are a lot of lessons to be learned (or relearned). At a higher level, the lessons to be learned are about how a fund manager will use related party transactions, involving other portfolio companies and limited partners, to benefit themselves at the expense of other stakeholders, including common shareholders in the case of a public company.

I’ve seen similar behaviors before, but never to this extreme. That’s why I raise red flags and pull alarm bells. I’m not trying to troll these guys, and I do reach out to them from time to time, but if you don’t let them know you’re watching, they will literally pull the entire rug from out beneath your feet. They really are bad news.

I averaged down too and confirm that’s a bad strategy.
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Korkzor

06/12/20 12:56 PM

#289160 RE: Basin Street Blues #289152

Well, that sucks indeed..
As I understand it they have a shot here in july to get their drug approved.. that should make the stock go crazy. Do you not see that happening anymore?
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anders2211

06/14/20 9:22 AM

#289426 RE: Basin Street Blues #289152

Yes I do regret it , but even though I`ve got a great many shares the ones that did the damage number just a few hundred thousand around $6.

So I`ve had to buy truck loads down here , which generally is amateur hour investing.

When I was a pit trader in the futures exchange if someone walked in to the pit and were obviously averaging down , we would all shout

` average ! the cried .. and they cried as they averaged ` ..

It was true then and its true now .




wow, that's quite a story. You were a future trader. As was in 1995 at the Amsterdam Exchange before I became a lawyer. How on earth did you fall for this stinker with such an amount of money!

I really hope you will be able to get out without a big loss which after you can write a book about this horror endeavor!




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maverick_1

06/14/20 9:04 PM

#289504 RE: Basin Street Blues #289152

BBB re:

Yes I do regret it , but even though I`ve got a great many shares the ones that did the damage number just a few hundred thousand around $6.



History and accountability says it all:

My 2nd post here (6 yrs ago that answered BSB's key question in 2014: Why is NWBO Institutional Ownership so low!)here of 3100(too many prolific posters here have dedicated their 24/7/365 lives to NWBO and have suffered in many ways! in this truly EPIC Saga of repetitive forms of encountering many forms of IUD's!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=103838206

BSB re:

When I was a pit trader in the futures exchange if someone walked in to the pit and were obviously averaging down , we would all shout

` average ! the cried .. and they cried as they averaged ` ..

It was true then and its true now



ALL BSB's foreign exchange trading expertise has like many others that say they have Wall St experience: NONE seem to have had the RELEVANT all encompassing experience (working with famed Hedge Fund Shorts as I had!) nor the sixth senses to dealing properly with land mine infested Biotechs or maybe even emerging startup common stocks IMHO (see BSB's and others!)
More importantly everyone here committed the KEY cardinal investing SIN of interjecting their emotions and personality into it versus: IT'S BUSINESS: LIMIT your losses to PRESERVE your finite CAPITAL

No one in UK: (There are lots of NWBO posters reside in UK where Neil Woodford unhinged 293,009 well heeled UK investors with BREXIT!)had even a whiff: not even BSB’s high powered investment group.
Why historic Cambridge (Sawston)is wooing China in the age of tech wars
:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149545185

BSB and Anders and ALL the repetitive caucaphony of posters re CEO Linda Powers credibility or management skills exemplified:
It was not too long ago how Elon Musk got lambasted, and even the investment might and lack of foresight by Saudi Arabia investment arm to NOT take TSLA private at $425/share epitomizes their so called investment smarts IMHO: Unlike most here I do recall the Saudi's were the largest shareholder of Citigroup since the mid 1990's AND luckily the US Fedl Govt s bailed it out with $50 bln during The Great Recession, otherwise it would have been bedlam with the collapse of the US financial system back in 2008-2010: same for AIG! same for Bank of America's untimely acqusution of my former employer in the late 1970's of Merrill Lynch having a boatload of toxic derivatives!
So I have said for the last few years :
From TWICE near Ashes to the Phoenix
BOTH CEO Linda Powers AND UCLA's Dr Linda Liau will be Female Legends... maybe not on the scale of Elon Musk who has HAD MANY High Level executives DEPART.. same for those with Apple's Steve Jobs!

Way too many IMHO are not perceptive investor to raise the questions of question of why Dr. Michael Duffy rejoined Merck or that of CEO Linda Powers recently resuming her CFO role from Jean!

Despite the 6 year elapse this is all too pervasive:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=104907802

Commendable MUST READ: Scientific or other types may not agree BUT what bioselectinvestor said I fully agree with: GENERIC blanket of sorts!:

biosectinvestor Member Level Sunday, 06/14/20 02:14:19 PM
Re: GoodGuyBill post# 289445 0
Post #
289459
of 289473
It’s just a competing narrative that they MUST float. Happens with all tiny biotechs, virtually the same narratives by posters who sound virtually the same, over and over and over again. It’s almost generic. Sure they take the particulars, but it’s a basic PR strategy by short interests to do these jobs on these tiny companies. It is virtually scripted.
Respond | No replies
AND this by bioselectinvestor I ADORE:

Biosectinvestor Member Level Sunday, 06/14/20 02:09:52 PM
Re: exwannabe post# 289455 0
Post #
289457
of 289473
You know, that sounds like you know what you’re talking about in the abstract, but there are likely patents and other entanglements that go with selling Provenge that make it a practical disaster even if she could have wrangled some minor amount of cash out of it 20 years ago, as you say. On top of it, you guys often mix up the details when one looks back.

I think narratives like this are almost always based on partial truths and lots of suppositions that upon a full understanding of all issues, turn out to be completely bogus. But suppose all you want, we are where we are NOW. And it will be a big story, regardless of whatever you post here or on any other bulletin board or social media.
Respond | No replies

Here is an illustration I came across of Exwan/Maverick:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145048743


Has anyone realizeD I, Maverick_1 gave up responding to Exwan for yearS! even after being followed and "attacked" as Exwann followed me to my NWBO posts on iHubs Biotech Values board! Being subjected to his responses are liken to potential mental torture IMHO!

Fortunately Exwann did not similarly do that on AMRN iHub boarrd where we now have lots of now big NWBO owners courtesy of my own self iniatiated task : Program OUTREACH to secure aMuch Needed NEW Blood TRANSFUSION ( Always for the Greater Good vs abounding Ego's) These AMRN/NWBO investors over the last few years are either in the black currently or very close vs those pre 2015 long term NWBO owners that were clearly complacent, non vigilant, investing neophytes new to the land mine infested emerging biotechs being BEHIND the Curve and swayed by the Bully Pulprit here and hence careened off the cliffs edge from ~$10+ to less than a $Quarter to the NWBO bottom of : "The Grand Canyon" which I've hiked twice!

Just a few pertinent applications:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147751665

One should be able to see what I endured:


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145329302


A recent reminder:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154446392

This is where I spent the first six years of my life: see Bloomberg's picture on the right side of the picture for this article is a tall yellow sign: My poor family got the sixth floor walkup Penthouse just above that sign:
It’s Start-Over Time for NYC's Chinatown ["https://www.bloomberg.com/news/articles/2020-06-14/new-york-city-reopens-chinatown-is-starting-over"]

Not surprisingly this is what is evolving:

Millions of Job Losses Are at Risk of Becoming Permanent ["https://www.bloomberg.com/news/articles/2020-06-14/millions-of-jobs-could-be-permanently-lost-in-reallocation-shock"]

Since I am only allowed one NWBO post per day since Fall 2019 due to a run in with a Bullypit poster it is unlikely I may respond to a reply!

DIFFERENT STROKES FOR DIFFERENT FOLKS

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skitahoe

06/14/20 9:28 PM

#289506 RE: Basin Street Blues #289152

I'm reminded of the investment advice of Will Roger's, it couldn't have been simpler, BUY GOOD STOCK.

He went on to say, if it went up, good, if it went down, better, buy more. Remember you already determined it was good stock.

I was a kid when he died, learned about him mostly from parents and others who held him in high regard. He said things in a humorous way, but it made sense. We need people like him around today.

I believe people who invested here over a decade ago determined this is a good stock, have bought more as the price tanked, and now are well positioned for the gains that will be coming. I never heard of the company back then, so all my shares were purchased at much lower prices, but after I made my initial purchase, and the price dipped a bit, I did follow his advice, I bought more, and I kept buying.

Gary[t][/t]