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  4. The BIOWAVE (ba booom) Message Board

NEW RULES FOR ME and maybe some of you. I hope a

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Posted On: 05/13/2013 7:51:11 PM
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Posted By: biomanbaba

NEW RULES FOR ME and maybe some of you. I hope all of you have studied the "Investors lifecycle"so I dont need to teach it. Briefly for those who may not have there are three

main points in the cycle. Early years where you can take enormous risks because

you have a lifetime ahead to recover. Middle years where your earnings from

work are expected to be at a maximum and you have to reduce risk in anticipation of phase 3. Finally phase 3 where you have to be risk averse in order to keep from becoming OLD AND POOR. Old man time has caught up with me and next year

is the first year of my being a Phase 3 person by common defintion. Now I refuse

to be bound by the common wisedom......get some EFTs and Gold and Muni Bonds

and forget the world of individual equities. Market Maven/business school type

individuals like myself are not bound by the common wisedom but we ABSOLUTELY MUST evolve strategies to mitigate risk allowed to Phase 1 & 2 people because

TIME to RECOVER is NOT available to us.

I conducted a review of my recent performance in order to find parameters

that would allow me to mitigate risk while adhering to the strategies I have developed over the last decade. Last year we had Four big winners in the MAG7

...THLD 600% IMUC a Double CTIX 300% and CLSN 400%. Before you start booing and

wanting to write me that CLSN was a loser...recall we took it from 2 to 8 and

then some sat there and watched it crash and others including me only took our basis off. My result was 3 winners and a break even. Others actually lost money.

These outcomes were not satisfactory. What can we learn and how can we improve results? I plowed thru hundreds of trades and situations and charts and found a common theme. WE have a new rule (or at least I do and those who ignore it take responsibility for their own actions)


TAKE HALF AT FOUR AND BUY 2, Then party with 20....the shorthand I will use

to describe this


Never face a binary where the shares are up 400% without taking half off.

Set aside 20% of the take off to have a good time smelling the roses somewhere. Use the remain 80% to create TWO piles for reinvestment.

With the reinvestment funds BUY Two positions. One is your NEXT BEST CATALYST

and the other is your BEST VERY LONG TERM VALUE.


Following this program EVERY time you have an explosive winner you LOCK IN

at least a DOUBLE and DIVERSIFY it. You arent going to die with regrets about

not making progress on your own personal bucket list because of your 20% good time budget.


I plan to do this at least until ALL 14 of the MAG7 and CB7 face the FDA..

then and only then will I condsider retreating to EFTs et al.


Good Luck to ALL


BIOMANBABA



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