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Correction- if he (not you) can afford to lose millions there,...

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1ronnie

20,781 Posts.

1964

30/06/20

12:56

Post #: 45537561
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Originally posted by 1ronnie ↑

Up 2.36% , biotechs recovery. If you buy biotechs, it is a long term "hero or zero" hold , unless you want to do a quick trade to play momentum in which case you would need to sell while the going is good (i.e sell while others are buying and on a good day). Easy to be buying as a trader and ending up as an investor , which is fine if you have conviction in the stock and patient enough to wait for the next euphoria when the next announcement comes. But OPT announcement did not live up to expectations so it got hit on that day and we should expect these sorts of things - very much like your 4DS hero or zero setup, nothing in between, so just have to park minimal sum and top up once get clear validation. IXC for me is just following the smart money of Andrew Forrest - if you can afford to lose millions there, perhaps a couple of thousands won't hurt - if it going to be an eventual big, it may well be a ten bagger or more , else its a couple of thousand to lose, and in the meantime there may be possibility occasionally to sell into an unwarranted price rally on false optimism as it does happen for these sorts of stocks.

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Correction- if he (not you) can afford to lose millions there, perhaps a couple of thousands won't hurt.
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0 Great analysis

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