Chief,
I think I need more of your mercenary attitude at times.
If I had moved my money because of what I saw on the charts
I would be much better off today since I've recently moved
below cost.
I also noticed your posting on SH a week or so ago about
having this stock as it was progressing versus (as you say)
the gamble it appears to be now.
The deficiencies you and many point out are real and I have
sincerely spent my life watching the failure of groups to
execute efficiently. I'm not suprised that some of their
moves leave me frustrated and shaking my head.
I think John hit a nail on the head with his description of
'negotiating with Rebecca'. This is one area of strong
frustration for me - I accept they learned something from
the JNJ deal process. Why not place some win's on the table
with the Fungus and UK deals? Those are controllables if
you're willing to compromise a battle to help the war.
This IS a gamble. As I wrote last week, either they get
the UK, or we pick up the pieces.
As to valuation, I have no more interest at valuing at 3.20
than I did at 14.80, except as discussion like I did above.
I'm a human being and my feelings come along for the ride
on decisions I make.
This is a long term hold for me. I assess the value is
there and will come out.
I'm nervous right now, but, I haven't changed my mind.
If people think that's investing on emotion, good for them.
Great post. As usual here, you state what you think, why,
and what you'll do about it clearly.
Your comment about analysts is in fact documented by the AGM
comments that 'the HSBC report is written'. They're waiting
for an actual event before publishing even though they have
an onus.
Wolf |
