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ha yep know exactly what you are talking about on pbt and iil...

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Werble

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04/08/18

12:45

Post #: 34720396
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Originally posted by Anton Chigurh ↑

Just means Buy Early Sell Before.

So with life science companies, I think when you look at the statistics, in most cases, holding into a readout that seeks data beyond safety and maybe certain, malleable, "signs of efficacy", is essentially gambling. Easy to get set a bit early (3-12 months or so) and then wait for fomo to kick-in and derisk, prior to the binary event. At least taking some off the table prevents a total roadkill if the binary event doesn't go the way the company would like, which is often (PBT, LCT, IIL etc)

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ha yep know exactly what you are talking about on pbt and iil was there for both of those but luckily had taken some out so ended up slightly ahead and only slightly behind...
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