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Strategies & Market Trends : Ride the Tiger with CD

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To: Postman who wrote (207822)12/16/2011 3:11:58 PM
From: pocotrader2 Recommendations  Read Replies (1) of 312879
 
investing in early stage Biotech stocks is as big a crap shoot as investing in drill plays IMO, at least with drill plays you find out fairly quickly if you hit a duster or pay dirt, with biotech stocks you could wait up to 15 years going through all the phases before you know if you have something that works, I wasted 8 yrs and a lot of money in a biotech company, one of the reason I stayed in it for so long I let my emotions get the best of me, i thought i was helping in the fight against cancer, its better to donate directly to a charity that supports Cancer research than a biotech company whose drugs hasn't reached the third phase yet
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