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Biotech / Medical : Immunomedics (IMMU) - moderated
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To: drtom1234 who wrote (45786)4/6/2018 1:38:12 PM
From: Renmanco5 Recommendations

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So-called "investment professionals," many of whom I had encountered simply cannot think beyond 10-20% gains and short-term holding periods....or, worse yet, trading all the time.
Why is that?
It's primarily because most of these people either are "stock jockeys," working for commissions....or they may be fee-based people who either do not know anything beyond the mega-caps with familiar names and who do not take the time to understand the investments that are not on their "approved lists."
Even Warren Buffett regrets Berkshire-Hathaway now being so large that 90% of all public companies are too small for him to even give them a sniff, not because they may be great investments; it's simply because he cannot acquire enough shares to make even a small dent in B-H's NAV should they turn out to be a 10+ bagger.
My Dad a long time ago worked for Jack Dreyfus. Now my Dad was pretty smart but he told me the story a long, long time ago and way before he passed that Dreyfus bought a ton of a company called Polaroid and no one, including my Dad who worked for him (doing technical analysis) could ever understand what Dreyfus saw in PRD. A decade later, Polaroid was a huge winner.
Sound familiar? It's why many of us are here....and holding....even in the face of universal skepticism and counsel not to do so because IMMU is still "unknown." My belief is that will change....it only takes time.
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