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10:06
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Originally posted by wcamp32000:
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Comments on this board have made me wonder if this is their first biotech investment so I'd like to say:1). Expect dramatic counter-intuitive moves (good news followed by gut-wrenching share price drops). This is de rigeur in biotech. Which means...2). Never set stops or in the blink of an eye they will own your shares.3). Never invest more than you can afford to lose 4). If you believe in the science, stay strong in your convictions. Ambiguous Nfl readings may make some knees buckle and there will be some professionals who will work very hard to make even good data seem ambiguous. Remember Adam Feurstein from the street? And now we have Stevie Cohen, yeeeesh!5). I hope we go straight to the moon, but believe me that does NOT usually happen.GLTA longs of good will
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Good points and I would add: phase 3 trials fail even for the big players so be prepared for anything.
(20min delay)