Moron is in the Air

It’s happening again. I don’t know how this Martin Shkreli keeps infecting my life with his brand of asshole; but I seem my be getting annoyed by him far too often.

Recall it was this little asshole who started the biotech rout a few month’s ago, after jacking prices higher for some little known aids drugs. Politicians went apeshit and he admitted to having been short the whole time, netting $15 million in profits from bets against biotechs. Those were his words, not mines.

Now, he’s back in my life in the form of a crazed greedy goblin, in cahoots with friends to manifest the biggest short squeeze the world has ever known. Bear in mind, I love short squeezes. It’s just that, KBIO is a pile of shit, a shell company with a failed drug. And, to boot, because of this epic run from $0.25 to $42 in less than a week, every Tom, Dick, and Harry are speculating over “the next KBIO.”

I guarantee this ends badly, for all parties.

This unchecked speculation into micro-cap biotech is only going to tarnish an already damaged biotech sector. I am here, trying diligently, to manage money into National Festival. I’d like it, very much, if I could do so without the distraction of Russian warplanes being shot down by NATO countries or river boat gambling in the biotech sector.