RE: Crumbs4 Sep 2023 22:56
Violin,
The problem you've highlighted is that anyone who's not in deep underwater when a revelation such as we've heard today is in a completely different place from someone who's restricted their loss of capital to manageable proportions. I don't doubt that there will be many very worried tonight irrespective of the soothing words posted here in the last few hours.
It is highly likely that given the wherewithal to fine tune Modi in the future could well be transformational, but finding the capital and patience of IIs to maintain R&D for possibly several more years might not be quite so easy.
That said Scancell is certainly not down and out but for the faithful who have always brought the perceived wisdom that Moditope is a slam dunk have really had to adjust their expectations rather dramatically. Those, however, in Crumbs' situation can be more relaxed about the medium to long term hopes for Scancell.
To put it bluntly Crumbs has choices for his capital, which those those who are significantly "Long and Wrong" at this stage do not have (unless they want to crystallise their losses - yes, even at this level).
It's sad but a fact that Crumbs opened his eyes and not liking what he was seeing made a difficult choice. He is now free to decide what to do next, a luxury which I am led to believe is not available to many LTH's here.
As someone once said, "It's all about the number you hold".
It certainly is this evening.
Lets hope Scancell see a dramatic upsurge when the Data finally drops. Until then nobody really knows but I do know one person who is much more relaxed when he was a few weeks ago.
You can only spend your money once.
AIMO