I know it's really too much percentage wise, that is my dilemma, I see so much upside to Pcyc but the risk of having too much in one stock is always a concern. I am getting that way with facebook too, bought at $20 and can't seem to find a reason to sell.
50% upside short term. I have 25% of my whole portfolio in this and i am still looking at the possibilities of buying more. The potential seems amazing but I don’t want to get too weighted in one stock, big dilemma.
Now it moves forward once more to a station higher on the hill!
When he bought up whatsapp for $19 billion he was basically saying "I already know what’s coming and we can afford this" This giveaway of huge ongoing revenue was a gift to investors. We hardly had to read between the lines.
I don't know but it reminds me of PCYC, I bought PCYC at $2.00 and when it got to $6.00 I worried about it getting ahead of itself the old saying “Hogs get slaughtered “ crossed my mind. Well, I still own PCYC at $150. Idra could well be another wonder stock for those strong handed enough to stick with it.
And then Facebook will buy them... just kidding I also own FB since $20. And I am still pinching myself! What a great couple of years it's been. I will hold pcyc for the foreseeable future, in since $2.00 and still buying!
Consider a new broker, does not look like a stock brokers would put you in.
But who knows, anything can happen.