Replies to post #249215 on Biotech Values

[jmkobers]

Every stock buy should have a parachute price as well as a butterfly/rainbow one. If either get hit you sell, regardless. You do not buy a stock because it is undervalued, you buy a stock because you believe it will make you money, and you take profits where appropriate. The idea you roundtrip a stock from low teens to high 20's prior to approval, back to low teens after inspection failure, then all the way back to mid 30's again post approval until where we are now at 10, and you make from this ABSOLUTELY NO MONEY is your calling card. Load up again boys - train's about to roll in again, getting ready for another roundtrip to nowhere. I didn't play it all perfectly either, but if i hadn't sold half my shares @26 and made lots of $ on covered calls I'd be fucked like the rest

PS - I'm allergic to alcohol