Investing in biotech stocks - My experience so far

Thrugelmir

BrockStoker said:

Username999 said:

Stats, what a great way to derail a thread!

One other thing to note is that Evofem's CEO is very passionate about what she is doing, and this bodes well once again. Anyone who is not convinced needs to see her in action:

There's a raft of similar CEO's out there who are excellent actors/presenters/performers. Who could sell sand to Arabs if need be. As in football. It's only the results that actually matter at the end of the day. People are expendable. . 

BrockStoker

Thrugelmir said:

BrockStoker said:

Username999 said:

Stats, what a great way to derail a thread!

One other thing to note is that Evofem's CEO is very passionate about what she is doing, and this bodes well once again. Anyone who is not convinced needs to see her in action:

There's a raft of similar CEO's out there who are excellent actors/presenters/performers. Who could sell sand to Arabs if need be. As in football. It's only the results that actually matter at the end of the day. People are expendable. . 

But wouldn't you want someone who can sell sand to Arabs as your CEO?

My point is though, genuine passion is infectious. Someone who is passionate about something tends to have a better chance of bringing another around to their point of view. Evofem's CEO comes across as GENUINELY passionate to me. Even if she's not genuine, but a good actor, as you're suggesting might be the case, that is still not a bad thing, although I would take genuine over actor every time.

I do agree that in the end it is results which count, but I also think that passion has a better chance of getting those results.

People may be expendable, but a good CEO is not so easy to find as far as I can see. She has made at least one mistake (selling stock), but I think that was a naive mistake which she won't repeat again, and I'm hopeful that she will more than make up for it given half a chance.

Of course I may have completely misread her, but I don't think so, otherwise I would not be invested in her company.

NottinghamKnight

BrockStoker said:

Thrugelmir said:

BrockStoker said:

Username999 said:

Stats, what a great way to derail a thread!

One other thing to note is that Evofem's CEO is very passionate about what she is doing, and this bodes well once again. Anyone who is not convinced needs to see her in action:

There's a raft of similar CEO's out there who are excellent actors/presenters/performers. Who could sell sand to Arabs if need be. As in football. It's only the results that actually matter at the end of the day. People are expendable. . 

But wouldn't you want someone who can sell sand to Arabs as your CEO?

My point is though, genuine passion is infectious. Someone who is passionate about something tends to have a better chance of bringing another around to their point of view. Evofem's CEO comes across as GENUINELY passionate to me. Even if she's not genuine, but a good actor, as you're suggesting might be the case, that is still not a bad thing, although I would take genuine over actor every time.

I do agree that in the end it is results which count, but I also think that passion has a better chance of getting those results.

People may be expendable, but a good CEO is not so easy to find as far as I can see. She has made at least one mistake (selling stock), but I think that was a naive mistake which she won't repeat again, and I'm hopeful that she will more than make up for it given half a chance.

Of course I may have completely misread her, but I don't think so, otherwise I would not be invested in her company.

It's always nice to have a confident individual in charge, but when things go wrong it's often these people you find at those companies, let's face it a good salesperson may be useful but not necessarily to the purchaser. 

Notepad_Phil

BrockStoker said:

One other thing to note is that Evofem's CEO is very passionate about what she is doing, and this bodes well once again. Anyone who is not convinced needs to see her in action:

I believe Elizabeth Holmes of Theranos was similarly passionate, so I'd be very careful about putting too much faith in such abilities and in my eyes might even count as a negative.

BrockStoker

Appreciate the feedback NottinghamKnight & Phil.

In the case of Theranos the product was shown to be a sham, but I don't think that is the case here - Phexxi has been approved by the FDA, so it is what it's claimed to be.

I can certainly appreciate that a passionate CEO could potentially be a negative in some cases, but I really don't see why the opposite may not be true in other cases, and I still believe that to be the case here. Either way, I'm not "betting the farm" on it, so if I'm wrong it won't be a complete disaster!

In other news, Amyris has been getting some great PR recently:

Amyris Ranked Among World's Top Social And Environmental Impact Companies By Real Leaders®️

https://finance.yahoo.com/news/amyris-ranked-among-worlds-top-130000896.html

It's already done very well in Mrs Brock's portfolio (over 270% gain currently) beating ARWR in terms of pure profit, and pushing her total portfolio gain to within spitting distance of 90%, and I think it will continue to run. Wishing I'd bought more for her!

BananaRepublic

BrockStoker said:

One other thing to note is that Evofem's CEO is very passionate about what she is doing, and this bodes well once again. Anyone who is not convinced needs to see her in action:

https://www.youtube.com/watch?v=2DUzLMQvbGI

That means nothing. 

I’ve worked in numerous companies led by such people. Many went tits up. They had grandiose plans that were not connected to reality. One was going to dominate the video conferencing market, worth billions, except the market never took off. Another had a winning 3G product. They went bust. The last company I was in were going to dominate touchscreen controllers. To be fair they might do okay, but when I was there four out of eight staff resigned after xmas. And we didn’t get an xmas meal! The dot com bubble was stuffed with amazing companies led by charismatic people. 

Some of the people I’ve dealt with have been fantasists, but you wouldn’t know that from seeing a presentation. They can sound very impressive. Many are narcissists too. 

BrockStoker

BananaRepublic said:

BrockStoker said:

One other thing to note is that Evofem's CEO is very passionate about what she is doing, and this bodes well once again. Anyone who is not convinced needs to see her in action:

https://www.youtube.com/watch?v=2DUzLMQvbGI

That means nothing. 

I’ve worked in numerous companies led by such people. Many went tits up. They had grandiose plans that were not connected to reality. One was going to dominate the video conferencing market, worth billions, except the market never took off. Another had a winning 3G product. They went bust. The last company I was in were going to dominate touchscreen controllers. To be fair they might do okay, but when I was there four out of eight staff resigned after xmas. And we didn’t get an xmas meal! The dot com bubble was stuffed with amazing companies led by charismatic people. 

Some of the people I’ve dealt with have been fantasists, but you wouldn’t know that from seeing a presentation. They can sound very impressive. Many are narcissists too. 

Fair point, thanks. I will keep it in mind.

BrockStoker

Top Picks 2021: Arrowhead Pharmaceutical

My top biotech pick for 2021 is Arrowhead Pharmaceutical (ARWR), which operates in one of the most exciting areas of modern medicine — one with numerous potential applications longer-term, notes Genia Turanova, editor of Moneyflow Trader.
https://www.moneyshow.com/articles/tptp2021-55808/top-picks-2021-arrowhead-pharmaceutical-arwr/

BrockStoker

Kind of wishing I'd held on to Gritstone now!

https://finance.yahoo.com/quote/GRTS?p=GRTS

adindas

BrockStoker said:

Kind of wishing I'd held on to Gritstone now!

https://finance.yahoo.com/quote/GRTS?p=GRTS

+248.51% in one day is a massive increase. From the the history this stock was not a penny stock, so there are reasonabe of wallstreet analysts getiitng involved in valuating and analysing it.

The current Price Gritstone Oncology, Inc. (GRTS) is $22.27

Anylsyts Price targets:

Yahoo Finance:

https://finance.yahoo.com/quote/GRTS/analysis?p=GRTS

Average 11.25, Low 4.00, High 17.00

CNN Finance

https://money.cnn.com/quote/forecast/forecast.html?symb=GRTS

Average 12, Low 4.00, High 17.00

But this analysts price target/ Fair value of  is not 100% accurate and it might not include the recent invention, but good to be taken into consideration when making decision.