Well, I have often been wrong about how
far momo stocks can run--and I suppose there
is a good chance that I am just bitter,
being an asthmatic and all and not having
bought Sepracor six months ago, sigh.
Still, after a run from 40 to 140 in the last
year--now watch it roll over and retrace
a third of that.
This company is going to lose a few
bucks a share this year, right? It will
do better next year, but is still going to
lose money for a few more years. Then, in
four or five years this thing is going to
look terrific. I'll buy some at $80 next fall.
Just seems to me you want to sell when the
crowd is interested, and accummulate stocks
that nobody cares about--that's why I'm mucking
down in third tier--for now...no hype in the
stuff I own, so a good chance my darts are
hitting cheap targets.
Actually, I'm sure I will do fine. There is going
to come a time in the next few years when the
market will be going to hell, gold will be the
only thing to buy, and a great panic will be on
the markets. At that time in one swoop I'm going
to be putting 10k each into ten biotech stocks.
Until then, I just make a lot of noise here on
SI, and further refine my list. You can be sure
Sepracor is on that list.
I suppose there is a chance that SEPR is not too
big to get taken out...I always imagine that the
micros and small stocks are the ones that will be
bought out. But even the 1-10B dollar biotechs
can get gobbled up by big pharma...that is just
now starting to sink in on me. I may have to
change my strategy, we shall see. |
