I happen to own the single worst performing biotech stock of the day. You can consider it to be an “inverse lottery winner”, where all the ticket holders are mugged and separated from all of their worldly possessions.
The stock is ONCE and they cure blindness.
It’s down on no news; but then again, there is news and that is the fucking stock is down more than 10%.
I had sold this stock a few weeks ago north of $70. I thought I was a clever little boy when I had bought it back around $60. I do not feel clever anymore.
Now an enterprising, virile man, would be in there now, buying up all the shares, while smoking on a big fat stupid cigar, and drinking a bottle of scotch. He’d punch holes into the sheetrock and rip up the floor boards, out of frustration, and then urinate on his windows. Instead, I sort of look at ONCE, then bite on a piece of toast, and then continue reading the newspaper.
I’ve lost the desire to cook inside of the cauldron. This ONCE is awfully reminiscent of my “Four Horsemen” ordeal of last year, when I chased 4 lunatic stocks into the dirt and ended up in a coffin of my own making.
I have an absurd amount of cash on the sidelines, more than 50% for days now. I have no desire to invest it at this time.
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“ONCE Is The Loneliest…” https://youtu.be/P6ekwuhHqXI
This is why I stay away from stocks that have flashy, full-word tickers.
misery loves company..followed you into this one at $54..webefucked
You’re honesty is why everyone Admires & Respects you. Market IS UGLY – sad when BEST one can hope for is to get 80% of their money BACK. Avg. down doesn’t work right now.
Fly – you are smart & give us sage advice…You know it will change.
All day long CNBC echo chamber denigrating AAPL’s upside prospects. Right now WAR ON BIOTECHS.
Who writes the rules?
Bexpo
You are too kind
Nothing your finest grapes can’t cure.
Since the starter is out who is
gonna pitch in the 7th .
When I buy high beta speculative companies, it reminds of dating slutty women. Sooner or later you’re going catch chlamydia, no matter how hot she is. Whether its women or stocks the quality of the other gentlemen with ‘skin in the game’ matters. I’ve caught ‘stock chlamydia’ like five times this year. If my broker was a doctor he would be running out of antibiotics.