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Chris DeMuth Jr.
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Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for... More
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  • Outstanding Bull Market For Biotech Shares Outstanding 6 comments
    Apr 8, 2014 12:30 PM | about stocks: CLBS, KERX, ATHX, IMUC, UNIS, AGEN

    If you want to own biotech shares, there will be many more where these came from.

    (click to enlarge)

    NBS is a particularly enthusiastic issuer.

    (click to enlarge)

    Expect more shares soon.

    (click to enlarge)

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  • TimeOnTarget
    , contributor
    Comments (3679) | Send Message
    Biotech --


    First learn at least a bit about the science, which isn't too bad.


    Second, evaluate the potential markets if they do get approved, which isn't easy.


    Third, evaluate how many shareholders there will be if and when they get approved, which is kinda hard.


    Fourth, evaluate and investigate the possibility they are fraudulent or worthless, since a lot of them are and since you can't get squat info about the companies or the individuals and since they aren't making any money yet there aren't going to be that many accounting clues, which makes that task really, really, really hard, unless they are stupid enough to hire dumb paid shills to pump their stock . . . .


    Fifth, figure out whether the FDA is likely to approve the drug, which is not only hard to do given their process and how few get approved, but also probably random.


    I'm not totally sure I understand my fascination with buying biotech stocks . . . .
    8 Apr 2014, 08:20 PM Reply Like
  • Brian Grosso
    , contributor
    Comments (949) | Send Message
    This is the perfect mix of humor and sad truth.
    8 Apr 2014, 09:51 PM Reply Like
  • Biological
    , contributor
    Comments (1995) | Send Message
    Hope reigns eternal and Wall Street loves to sell/address this hope! The BIG hit...., why do people buy lotteries with essentially no possibility of winning?


    I have learned that many products do not actually sell what they seem to be selling; for example, condos in Miami [and elsewhere] are not a real estate investment - there are money laundering and/or vanity products! Again, real estate developers oblige to human needs.
    9 Apr 2014, 08:39 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11812) | Send Message
    Author’s reply » UNIS hit a new 52-week low.
    4 Aug 2015, 06:08 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11812) | Send Message
    Author’s reply » UNIS now -42% (worth about $0.00) and RVP +39%.
    6 Aug 2015, 08:04 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11812) | Send Message
    Author’s reply » New 52-week low for UNIS.
    17 Dec 2015, 09:14 AM Reply Like
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