RE: Ruck/Rubal28 Apr 2019 10:57
Morning C7.
A posting marathon for you last night I see! I did see it late last night but too tired to reply adequately.
To clarify my personal story. I lost my wife to colon cancer nearly 7 years ago (we had been married nearly 38 years). By the time of diagnosis, the tunour was large and had breached the colon wall. After the operation, she got pneumonia and lasted only 10 weeks, mosltly spent in intensive care. I had expected her to make some sort of recovery and have perhaps 1 to 5 extra years. Planning the finances, I posted the forms to withdraw funds from a pension. Sadly, she died the next day. When the funds came through I threw them into a number of biotechs involved in cancer treatment. I had previous experience of investment including biotechs so it wasn’t entirely blind. I bought SCLP, VAL, IMM, SAR and a few others that I forget.
You are correct in recalling I sold out on two occasions. My first purchase was 15p. I averaged down as the price fell, buying at 13 and 11. It dropped to 9p and at this point I was down a lot. However, sitting tight I saw the share hit 26p and having not only made up the (paper) losses, was on a good profit. So I sold the lot. I continued to research the company and science and realised the upside was potentially far higher so bought back in. The other time I sold out was following the announcement the drug stocks were out of date. I expected a big fall. In the end, the fall wasn’t that big and recovered quickly. I wasn’t out long, and ended up with a few more shares than I had.
My view on ramping - personally, I don’t see much here. Ramping is manipulation to make a quick profit. The positive comments here are made by LTHs most of which are not interested in a quick profit but bigger, longer term gains. Having said that, I am conscious of different time objects depending on personal circumstances - particularly sensitive to your own. There are many positive posters here that you can have a sensible debate with - wild and crumbs being prime examples.
What we do suffer from is exaggerated expectations and I don’t think this helps anyone. The SP rockets on overblown expectation and plummets on over gloomy outlook. I’d rather the sp had been between 20 and 30 rather than 5 and 65. I do feel for anyone who bought in at 50+.
I agree entirely with pafowler as do you. The BB should be to improve our knowledge through collective thinking. Everyone can contribute to that, I think we can overlook the importance of the human aspect to the knowledge pool.