With respect to the last 4 weeks downturn, we all had a chance to sell at $20+ July 1-3. I thought about it but decided NEWS was imminent and never thought the market would cut the BIOs down again so severely. Did I see a 15% haircut? no way. So, I did not sell some of my 20K shares (which I would have eventually bought back under $18). But here we are in a "no news' BIO downturn with low volume and bleeding a little each day. Was not what I expected (again).
I don't know Rook, when I purchase a biotech stock, confident of dramatic longer term appreciation, I find it really difficult to move in and out for a couple of points. Personally, I purchased Insmed in 2009, and have added shares but have never sold and may never sell. I do trade other stocks.... frequently, but this is one that I have chosen to earn me rediculous longer term gains..... I know I could be wrong but recent events make me more confident than ever before that I'm right! Time will tell.... I understand that there is a poster here always is able to call the short term highs and lows, but I'm not able to do that. Bless him and his active imagination!!