I'd like to mention a possible source of frustrati
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Posted On: 03/13/2020 12:51:39 PM
I'd like to mention a possible source of frustration that I know I am feeling that (IMHO) has to at least partially (or mostly) be kept separate from my feelings about GNBT:
There are unbelievable deals out there right now in other, high-quality stocks. It's easy to sit here and think about what I would be buying if the GNBT SP had popped when we thought it should have, and I had liquidated some of it for other investments. On the other hand, if we had gotten our windfall a couple of months ago, I might have lost 30% of it in the last couple of weeks!
So while I have considered pulling money out of GNBT to put it into some of the big caps that are on sale, I haven't done so yet for one simple reason: I cannot be at-the-ready at all moments to liquidate those positions and get back into GNBT when it finally pops. For the time being, I do not want to take that risk, as I still believe that pop will come this year.
I am very aware that I have put a large chunk of money into an OTC company. Many negative events, both in and out of Joe/GNBT's control, have happened and probably will continue to happen. That's the nature of the beast. Joe is pulling us though a swamp, and progress is slow sometimes. But at the end of the day, I chose to get on the raft.
As long as I can see the other side of the swamp, I will refrain from calling for an airlift out of here. In the meantime, I have to continue to evaluate whether putting my money into the "market" is better than leaving it in Joe's hands.
I still believe GNBT to be the better option for this chunk of money for now. So I have to keep telling myself (even more so over the past couple of weeks) that I can't let the frustration of other missed opportunities block out the reason I am here: a potentially unique windfall.
That said, I still hope somehow this comes together while there are still other opportunities in the larger market... I'd love to go shopping during this sale.
There are unbelievable deals out there right now in other, high-quality stocks. It's easy to sit here and think about what I would be buying if the GNBT SP had popped when we thought it should have, and I had liquidated some of it for other investments. On the other hand, if we had gotten our windfall a couple of months ago, I might have lost 30% of it in the last couple of weeks!
So while I have considered pulling money out of GNBT to put it into some of the big caps that are on sale, I haven't done so yet for one simple reason: I cannot be at-the-ready at all moments to liquidate those positions and get back into GNBT when it finally pops. For the time being, I do not want to take that risk, as I still believe that pop will come this year.
I am very aware that I have put a large chunk of money into an OTC company. Many negative events, both in and out of Joe/GNBT's control, have happened and probably will continue to happen. That's the nature of the beast. Joe is pulling us though a swamp, and progress is slow sometimes. But at the end of the day, I chose to get on the raft.
As long as I can see the other side of the swamp, I will refrain from calling for an airlift out of here. In the meantime, I have to continue to evaluate whether putting my money into the "market" is better than leaving it in Joe's hands.
I still believe GNBT to be the better option for this chunk of money for now. So I have to keep telling myself (even more so over the past couple of weeks) that I can't let the frustration of other missed opportunities block out the reason I am here: a potentially unique windfall.
That said, I still hope somehow this comes together while there are still other opportunities in the larger market... I'd love to go shopping during this sale.
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