So I'm here to share with you one of those times in life when shit just falls right into place.
Let me take you back to 2013 when Ariad Pharmaceuticals got a black box warning on an approved patent for Leukemia. This plummets their stock to $2.32.
I coincidentally landed my big break working for another Pharmaceutical company and my boss had been watching the Ariad situation. Well I had come across some money due to my signing bonus and we decide to invest after realizing the NAV (net asset value) of the stock was just under $2. Whats the risk right? If the company folds we just loose a few cents to the dollar. We said fuck it and put a good bit into Ariad stock.
Fast forward to today Jan 25, where Ariad opened at $23.74 (that's a 1000% increase) and I sold my last bundle of stock. So we got off at 12 today and hit the bars to celebrate our payout. I'm talking wolf on Wall Street day. Now I know I'll pay a fair bit of taxes on those capital gains, but fuck yeah!
Anyway why I'm writing this is to apologize if I have come off like a jerk today (I was a little more belligerent than usual lol). A few many beers!
Quick lesson from all this. In the stock market look for stocks whose value NAV is close to the stock price as this minimizes risk. Also, leverage any knowledge you may have about an industry.
Cheers mates! I'm rick James bitch!
Let me take you back to 2013 when Ariad Pharmaceuticals got a black box warning on an approved patent for Leukemia. This plummets their stock to $2.32.
I coincidentally landed my big break working for another Pharmaceutical company and my boss had been watching the Ariad situation. Well I had come across some money due to my signing bonus and we decide to invest after realizing the NAV (net asset value) of the stock was just under $2. Whats the risk right? If the company folds we just loose a few cents to the dollar. We said fuck it and put a good bit into Ariad stock.
Fast forward to today Jan 25, where Ariad opened at $23.74 (that's a 1000% increase) and I sold my last bundle of stock. So we got off at 12 today and hit the bars to celebrate our payout. I'm talking wolf on Wall Street day. Now I know I'll pay a fair bit of taxes on those capital gains, but fuck yeah!
Anyway why I'm writing this is to apologize if I have come off like a jerk today (I was a little more belligerent than usual lol). A few many beers!
Quick lesson from all this. In the stock market look for stocks whose value NAV is close to the stock price as this minimizes risk. Also, leverage any knowledge you may have about an industry.
Cheers mates! I'm rick James bitch!
