I recall a similar incident I had with a stock bac
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Posted On: 05/22/2020 10:27:47 PM
I recall a similar incident I had with a stock back in '96. Ribosome was trading on NASDAQ at about $3 bucks. The few hundred shares I bought was a lot for me then... it is now, too. Like CYDY, it was a bio-med, I really thought what they were working toward showed great promise, and I told a few friends about it. Some bought it, others didn't.
After six or so months of very tepid ups and downs, and with two little ones and my plumber telling me I needed a new boiler, I decided to cash it in at a small loss that still stung a bit, but it still hovered around $3.
Not a week went by when I opened my WSJ to find that it had a meteoric rise the previous day. Three days after I sold it, it went to $77.00/share.
My friends who held onto it after my recommendation bought me beers and shots of single-malt scotches, but it did little to kill the pain that pulsated with the word 'idiot' in my head.
Thing is, back in 1996, you didn't have the light-speed research tools that we do now. Or cell phones. In addition, at that time there wasn't any pandemic that was killing a few thousand people a day with no cure in sight.
Like many of those here, I have also sunk my meager savings into CYDY, as even a layman such as myself can recognize the promise of this drug. In addition, I cannot see any significant competitor, at least one that may claim to address the Rantes problem which also plagues people with ills other than COVID. So, if a bio-med company without a claim as strong as CYDY has with Lironlimab can climb over 20x in a day, I can't see why CYDY, with a life-saving, game-changing new drug that is nothing less than spectacular science cannot envision the same promise as a company who couldn't hold a candle to what it has.
I've got a lot riding on this, like many, and if I'm wrong here, please, someone smack me in the head with a shovel. If i am wrong, I will have never have been so wrong about something that I felt so right about... my first wife excluded.
But if I'm right, it's lives saved. Many, many lives that wouldn't have been saved. Tens of thousands of lives! It's the Bass Boat, in addition to two of my kids beginning college and a vehicle with less than 250k miles on it. Oh, and more importantly, it's a happy wife, who so far hasn't said one derogatory word about my draining our savings account that earned >1% last year, but was without any risk. I got into this at $2.60, and I'm happy I did.
Thanks to all on this board for the terrific information you post. And your humor. That's important, too!
After six or so months of very tepid ups and downs, and with two little ones and my plumber telling me I needed a new boiler, I decided to cash it in at a small loss that still stung a bit, but it still hovered around $3.
Not a week went by when I opened my WSJ to find that it had a meteoric rise the previous day. Three days after I sold it, it went to $77.00/share.
My friends who held onto it after my recommendation bought me beers and shots of single-malt scotches, but it did little to kill the pain that pulsated with the word 'idiot' in my head.
Thing is, back in 1996, you didn't have the light-speed research tools that we do now. Or cell phones. In addition, at that time there wasn't any pandemic that was killing a few thousand people a day with no cure in sight.
Like many of those here, I have also sunk my meager savings into CYDY, as even a layman such as myself can recognize the promise of this drug. In addition, I cannot see any significant competitor, at least one that may claim to address the Rantes problem which also plagues people with ills other than COVID. So, if a bio-med company without a claim as strong as CYDY has with Lironlimab can climb over 20x in a day, I can't see why CYDY, with a life-saving, game-changing new drug that is nothing less than spectacular science cannot envision the same promise as a company who couldn't hold a candle to what it has.
I've got a lot riding on this, like many, and if I'm wrong here, please, someone smack me in the head with a shovel. If i am wrong, I will have never have been so wrong about something that I felt so right about... my first wife excluded.
But if I'm right, it's lives saved. Many, many lives that wouldn't have been saved. Tens of thousands of lives! It's the Bass Boat, in addition to two of my kids beginning college and a vehicle with less than 250k miles on it. Oh, and more importantly, it's a happy wife, who so far hasn't said one derogatory word about my draining our savings account that earned >1% last year, but was without any risk. I got into this at $2.60, and I'm happy I did.
Thanks to all on this board for the terrific information you post. And your humor. That's important, too!
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