Jul. 26 at 2:59 PM
$IXHL you are not wrong in being scared. I have lost money in bio play as well like
$CNSP . The CEO was a crook, and he was very positive and pretended like the data was going to be excellent. I think they even hired some expert before the data, same as here. The data turned out to be a dud, and the stock plummeted.
I know investors here get angry when anyone is skeptical because they want to get rich quick and retire. I get it. I want that too, but realize that biotech is one of the riskiest plays, which is why you will find most shorts in these sectors.
Scared money don't make money, that is very true for biotech, either you become extremely rich with this, or we lose it all. I have already taken out some profits on ups and downs to cover any loss that may happen.
Trade with logic, not emotions. Stock market is a nasty place.
