Re: The Seven Steps to Becoming a Biotech Millionaire
Excellent post and quite humorous.
Number 7 appears to fit my strategy .... most of the posters that fit into #2 Appear to have moved on. .... some were on the PTLA board As disaster unfolded ... the more it went down, the longer the posts
7. Now that you've bought your biotech stock, it's not necessary to sell it ever, even if your original investment thesis plays out. Everybody knows a buy-and-hold strategy is best. Resist the temptation to sell just because new information has come to light, particularly if that news is negative. Only losers and weak hands sell when the thesis they bought into doesn't pan out. Winners simply change their thesis and buy more!