Do you have it?
I do.
Honestly, I do. And you probably do too. Its symptoms are hard to deny. Your portfolio is horridly unbalanced, way overweight in Ariad. Or exclusively so.
Like mine.
You read all the message Ariad boards. Study them. The "handles" 2da and BR mean something to you (very different things, if you're a true devotee). You've mastered an oncology vocabulary as best a lay person can, and you know about how one cancer drug can or might be able to treat multiple different types of cancer. KRAS means something to you, something really big and unimaginably good IF 788 is successfully targeting it. (That would be so amazing, no?). And you check the share price throughout the day. Because too much in your life depends on it. Just like mine.
But this isn't really normal investment behavior, not to the degree that the truly infected behave. It is an obsession. It's an invasion of, a capitulation of normalcy - you know, that sort of investing where you pick some stocks or funds and you check them every three months. Or six. Or once a year.
Here's the good news. There are two cures, one hopefully more likely (and I'm clearly wagering much more likely) than the other. The less likely, in my view, my diseased view, is that Ariad limps along at 7 or 8, or less, and the patients (you and me) eventually give up and sell...in a year, or two, having wasted a lot of time.
The second cure, the one we're all hoping for, is the damn company is sold. $15, 20, 25 or more if we're outrageously lucky and Denner saves the day. That's the cure I'm hoping for.
In the meantime, if you've read this far, accept that you too have the Ariad Disease. I do, and if the second cure happens - if either cure happens - I'll never invest this way again. I'm joining AA. "Ariad Anonymous."
Good luck to all,
Here's the good news. There are two cures, one hopefully more likely (and I'm clearly wagering much more likely) than the other. The less likely, in my view, my diseased view, is that Ariad limps along at 7 or 8, or less, and the patients (you and me) eventually give up and sell...in a year, or two, having wasted a lot of time.
The second cure, the one we're all hoping for, is the damn company is sold. $15, 20, 25 or more if we're outrageously lucky and Denner saves the day. That's the cure I'm hoping for.
In the meantime, if you've read this far, accept that you too have the Ariad Disease. I do, and if the second cure happens - if either cure happens - I'll never invest this way again. I'm joining AA. "Ariad Anonymous."
Good luck to all,
TC
