5 ms·

If you're confident this is true... why not short the stock? if correct, you could make a lot of money.

by andrewtbham 10y ago

deepnotderp 10y ago
Is it public?
- SpeakMouthWords 10y ago
  From the article: >It was the biggest biotech IPO ever in the U.S., raising $360 million. It has largely held up, too. Axovant’s shares, which opened at $15, currently trade around $13.25. and further down: > When Axovant went public, a columnist at FierceBiotech warned that it should “scare the hell” out of investors
in_cahoots 10y ago
"The market can remain irrational longer than you can remain solvent." The quote itself may be apocryphal, but the meaning is certainly true.
- danieltillett 10y ago
  Never short based on the rationality of the market. Plenty of investors have been right and ended up totally broke. On a personal note the worst investment I ever made was a short position where I was right, but six months too early.
  - jimlawruk 10y ago
    Reminds me of Michael Burry and others in The Big Short, who shorted the housing market, but had to wait a long time for the market adjust.
- adventured 10y ago
  Never short a stock, use puts. You define your maximum potential loss ahead of time. By doing so you can entirely remove the solvency factor in question. Then it becomes a matter of giving yourself enough time on the puts to be right (assuming your core premise is correct).
  - sfifs 10y ago
    You're assuming puts of sufficient duration would be available and liquid.
aub3bhat 10y ago
Exactly Derek Lowe is a classic academic without any skin in the game. Rather than appreciating risk taking he displays the sour grapes mentality. He is always welcome to short the stock. But then this kind skepticism against anyone else becoming rich sells very well in academic circles.
- hprotagonist 10y ago
  you do realize he works for a pharma company, right? The last time he was an academic was when he was a postdoc. In the mid-80s. he's discussed his stock positions a few times; the takeaway is along the lines of "i don't have any holdings that could be construed as bias as regards where this blog is hosted; otherwise it's my own business" if i remember right.
  - aub3bhat 10y ago
    Thats even worse. Derek Lowe is playing the classic no one ever went broke being skeptic move. These blogs are written to assuage egos of underpaid academics, who can't stand wealth creation nor understand risk taking. In fact if he really belives it then he must put money behind his words. And then donate earnings to whatever cause he believes in. Untill then its just sour grapes.

If you're confident this is true... why not short the stock? if correct, you could make a lot of money.

deepnotderp 10y ago

Is it public?

SpeakMouthWords 10y ago
From the article: >It was the biggest biotech IPO ever in the U.S., raising $360 million. It has largely held up, too. Axovant’s shares, which opened at $15, currently trade around $13.25. and further down: > When Axovant went public, a columnist at FierceBiotech warned that it should “scare the hell” out of investors

in_cahoots 10y ago

"The market can remain irrational longer than you can remain solvent." The quote itself may be apocryphal, but the meaning is certainly true.

danieltillett 10y ago
Never short based on the rationality of the market. Plenty of investors have been right and ended up totally broke. On a personal note the worst investment I ever made was a short position where I was right, but six months too early.
- jimlawruk 10y ago
  Reminds me of Michael Burry and others in The Big Short, who shorted the housing market, but had to wait a long time for the market adjust.
adventured 10y ago
Never short a stock, use puts. You define your maximum potential loss ahead of time. By doing so you can entirely remove the solvency factor in question. Then it becomes a matter of giving yourself enough time on the puts to be right (assuming your core premise is correct).
- sfifs 10y ago
  You're assuming puts of sufficient duration would be available and liquid.

aub3bhat 10y ago

Exactly Derek Lowe is a classic academic without any skin in the game. Rather than appreciating risk taking he displays the sour grapes mentality. He is always welcome to short the stock. But then this kind skepticism against anyone else becoming rich sells very well in academic circles.

hprotagonist 10y ago
you do realize he works for a pharma company, right? The last time he was an academic was when he was a postdoc. In the mid-80s. he's discussed his stock positions a few times; the takeaway is along the lines of "i don't have any holdings that could be construed as bias as regards where this blog is hosted; otherwise it's my own business" if i remember right.
- aub3bhat 10y ago
  Thats even worse. Derek Lowe is playing the classic no one ever went broke being skeptic move. These blogs are written to assuage egos of underpaid academics, who can't stand wealth creation nor understand risk taking. In fact if he really belives it then he must put money behind his words. And then donate earnings to whatever cause he believes in. Untill then its just sour grapes.