I moved into biotechs again. Not saying I'm not happy with my investments there, CDX has billion dollar company written all over it. Just I would have waited a few more months and probably exited now at 60c instead of 30c and bought twice as many CDX.
But the issue isn't the fact I let sentiment get the better of me, that was mentioned only in validation of what I think is the truth, and hindsight supports that truth.
It is not a dog company. We both know a few dog companies we have held onto for too long, this doesn't fit the descriptor and I never felt it did. I genuinely think negative sentiment got the better of many people here, and negative sentiment is a real force that must be treated with equal respect to fundamental or technical analysis.
Makes no difference to me now. Best of luck.
MTC Price at posting:
65.0¢ Sentiment: Buy Disclosure: Not Held
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