tell that to people who bought in 2015, 2014, 2013, 2012, 2011,,, yah you catch the drift
Here is the story..
Got into a heated debate/discussion, few weeks back on this holding. Was the time when NAVB fell 1.4 to 1.10s. He was the eager pumper pushing the stock as a great entry and i was posting on the CPA dropping us/management is leaving this stock will tank. As any pumper would do, he disclosed of course he is ahead with a 255k avg at $1. (remember always post ahead when pumping--people want winners not losers)
Fast forward to today, stock is down 25% from where we argued. Obviously now he can not boast his 255 @1 average anymore, so now we have he has allowed his shares to be borrowed to collect the premium since, get this, 1999.. All of sudden this was omitted from first conversation of how genuinely skilled "Icahn like" investor he was. Remember pumpers need to boast profits...
Honestly, who knows if pumper or delusional/buried long. I might say a buried long trying his/her best to get out of a purgatory holding. Imagine 10k @ 3.5 to 4.5. Terrible, i know..
Now that i "outed" him, i get the normal insults and misdirects.. I do have empathy for him in either case.. Be careful of him. Dont get caught up in the stories and vast wealth nonsense.
dont be bitter, i own you. How much of a fool you must be. Holding for years without any gain. Even a puny back account you would have some gains. As the old adage says, a fool and his money depart.
Hooked on Phonics does work. Mindless Pumper will say anything to keep new trapped retail in. Even make up nonsense lies.
Gotta be a top 10 worse performer in bio sector? Maybe top 5? DNDN comes to mind, so not #1. RS to come..
Would only take a 2-3 billion..