Dave, thanks for the reply. I was just curious wha
Post# of 30066
Posted On: 11/23/2014 5:02:22 PM
Re: Daveludlow #11722
Dave, thanks for the reply. I was just curious what advice you would offer and whether you're concerned enough to sell your shares based on Dr. Urano's search for small molecules in wolfram's.
I have no intention of selling. I have some free CYNAF shares that I might sell to buy a bit more AMBS if we drop back into the .07s.
The car analogies - checking under hoods and kicking tires - as well as warning people about heads in sand really don't apply here since you and I already bought the car. And this car dealer (stock exchange) ain't refunding our money if ambs turns out to be a lemon, or did someone say that already, I can't remember. I'll continue with my DD and I'm as motivated as anyone here to remain objective and try to minimize investment risk, but I know that business failures can happen when you least expect them. The writer Nassim Taleb calls those 'black swans' - unexpected events that bring huge consequences. Maybe you wouldn't be interested, but I recommend Taleb's book Fooled By Randomness - might just change your ideas about attempting to manage portfolio risk by posting comments on a message board. I assume that's what you're doing although I can think of another explanation...
Like you, I've had investment successes and failures too. I was in YM Biosciences when Gilead bought them out. And I owned stock in an orthodontics company that died a horrible death, turned out the father and son management team was cooking the books (ooh, something new to worry about?) One possible difference between us though - i don't expect a previous experience in a stock to repeat itself. At least, I realize the future isn't limited to what I've already experienced. Or limited to only what I'm aware of, for that matter. You keep mentioning stock experiences that you've had as if you expect a replay of the exact same story. But I can imagine a lot of possible terrific/horrible scenarios that would come with no warning at all.
As far as heads in the sand ... remember, I'm the guy who mentioned in a PM to you how just one bad toxicity report could sink manf. Come to think of it, I'm also the guy who said we'd get more univariate results at C4CT on yahoo while you were stoking expectations for multivariate results.
I have no intention of selling. I have some free CYNAF shares that I might sell to buy a bit more AMBS if we drop back into the .07s.
The car analogies - checking under hoods and kicking tires - as well as warning people about heads in sand really don't apply here since you and I already bought the car. And this car dealer (stock exchange) ain't refunding our money if ambs turns out to be a lemon, or did someone say that already, I can't remember. I'll continue with my DD and I'm as motivated as anyone here to remain objective and try to minimize investment risk, but I know that business failures can happen when you least expect them. The writer Nassim Taleb calls those 'black swans' - unexpected events that bring huge consequences. Maybe you wouldn't be interested, but I recommend Taleb's book Fooled By Randomness - might just change your ideas about attempting to manage portfolio risk by posting comments on a message board. I assume that's what you're doing although I can think of another explanation...
Like you, I've had investment successes and failures too. I was in YM Biosciences when Gilead bought them out. And I owned stock in an orthodontics company that died a horrible death, turned out the father and son management team was cooking the books (ooh, something new to worry about?) One possible difference between us though - i don't expect a previous experience in a stock to repeat itself. At least, I realize the future isn't limited to what I've already experienced. Or limited to only what I'm aware of, for that matter. You keep mentioning stock experiences that you've had as if you expect a replay of the exact same story. But I can imagine a lot of possible terrific/horrible scenarios that would come with no warning at all.
As far as heads in the sand ... remember, I'm the guy who mentioned in a PM to you how just one bad toxicity report could sink manf. Come to think of it, I'm also the guy who said we'd get more univariate results at C4CT on yahoo while you were stoking expectations for multivariate results.
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