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Biotech / Medical : Biotech Momentum- Dr. Jekyll/Mr. Hyde

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To: RWReeves who wrote (16)1/12/2000 2:18:00 PM
From: Mike McFarland  Read Replies (1) of 55
 
heheh, maybe I just sold you some of mine--
at 5000 x 3 3/4. Gee, if I'd known I was going
to make 37 times my initial cost, I might have
sold them at a slower rate. Five times my money
seemed fair, so I sold some at 1/2...sold more
at a buck--10x, sure!--then a batch at 2, we all
know that 20x is as much as you should ever get.
And then today--Wow!

I suppose hypothetically, if I'd told myself on
that fateful October day, that just under 70,000
aria, and at that time paired with 70,000 warrants
were my lotto, come hell or high water, I'd be
quitting my job today. What would that be here...
half a million for the stock, a quarter of a million
for the warrants at today's price.

So a different path cost me half a million...
Now that builds character! Just not sure
what sort of character? <g> Actually, finally
acting on the stop loss back then was the real
character builder, I know that now--it was
inconceivable that I was wrong, that is not a
good attitude to burn into your brain.

Nah, sillyness. I was struggling against a seemingly
evil monster. I'd said that if I got to where I happen
to be now that was my target and I'd be selling...that
I'd take this a notch more seriously and up my DD,
go slower, perhaps more conservativly. And after all,
I could just as easily have quit in October, down 25%
for the year back then, briused and humiliated.
Instead, my account is up by more than a factor of five
in that time and I'm in the game, cash ready to deploy
on another idea, I'll take it!

You cant play these--but I coulda been rich scenarios.
(so I will do that now)
Besides, the interest on 3/4M still doesn't even buy
quite the income I enjoy simply by working.
I suppose working for a living isn't a huge sin, I
can do it for awhile longer;-)

Mind games <g>
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