Also to GGB. I share your frustration but.....
First, we all know NWBO doesn't make timelines and that employees of the company frequently make misleading statements. But, to a large degree, that is why we are all here in the first place. At $.16/share NWBO was incredibly undervalued if you believed the published clinical data. It's a little bit of a chicken/egg thing as to whether the company's inability to do what/when it says led to the short-seller attack or vice-versa, but regardless, that is how we got to NWBO having a fully-diluted market cap below $300m while advancing a late Phase III trial with very good blinded data in a multi-billion dollar application.
Despite the years and years of history (I lost a lot of money on NWBO 5+ years ago) I believe the risk/reward for NWBO is very, very favorable and when the stock was trading sub $.20 I'd expand my position 1-2% every week to the point that eventually NWBO accounted for more than 2/3 of my stock portfolio (maybe 20% of my net worth).
When NWBO hit $.75 - $1.20 I started selling and sold almost 20% of my position, recovering my entire cost basis for NWBO. I sold because I was massively overweighted in NWBO and the risk/reward had changed incrementally. Note: After all this appreciation, NWBO is now 80% of my portfolio and more than 50% of my net worth.
One thing people haven't mentioned on this board which is the primary reason for my post is this. We need to think in terms of marginal utility. If NWBO goes to $8, how much money will you make? What is the incremental benefit to you if it goes to $9? For me, the incremental utility of the $1 gain in NWBO stock price from $8 to $9 is not that high while the incremental utility on what NWBO stock has achieved so far is very high.
So, if you have a large (relative to your financial situation) position in NWBO, yes, you should absolutely take some chips off the table. If it's a small portion of your net worth, then don't worry about it and swing for the fences. There are exceptions like tryn who is trying to change the arc if his retirement. That makes sense.
So, to conclude, GGB, you've been watching NWBO for many years. You follow this message board and have developed a level of trust in some of the experts who post here. You know what NWBO is and is not. You know what can be known about DCVax-L and Direct. Presumably, you understand your financial situation and have performed the type of analysis I suggest above. If yes, then you should disengage to some extent. Turn off your computer and read a book or fly a kite. Try not to think about NWBO. Try not to let your emotions overcome your judgement and your years of due diligence.
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