SM: My sentiments, exactly. And I'll add that during my "tenure" with BIOM, during which I've judiciously add shares to my speculative long term holdings, I've seen trader hype(like what's happening over there on Yahoo) come, I've seen it go, and now it's back again.
Nothing wrong with this philosophy, by the way, but it does tend to "suck in" folks who don't know the time-frames the bio-tech industry is dealing with. So most definitely NEVER buy at market, and particularly never do this at market open. Jeeez, you be just settin' yerself up when you do this. Heh!
Still, despite the simple fact that BIOM's a year away(at earliest) from a Fed nod allowing commercial reality, the news out of them keeps getting better and better. It's almost to the point where I now consider my speculation in BIOM to be a "slam-dunk" investment. I say almost because ya never know until the fat Fed lady sings. I will say articles like we've just seen do make the new week "hot" with anticipation! My gut says don't expect too much, and if we DO see something large happen, then be careful because I consider such an event to be non-sustainable because it'll be fueled by trader jugglings. In other words, what goes up, comes down, and generally pretty quickly too.
Now let's see how it goes...
John~ |
