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I have been on the markets since 2006. I concentrate mostly on medium-term option trades. Among my big wins were betting against the oil spike in 2008, buying Green Mountain Coffee at $17, First solar at $14, and betting against Exxon Mobile before its collapse. My biggest failures have been investing in Fremont in 2008 and Synergy Pharmaceuticals in 2018 (both companies ended bankrupt.) Diversification is your biggest key to success in the markets. Even great losses won't make you loss your capital for reinvestment.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of FRC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Investing in distressed companies carries significant risk and higher than average reward. A complete loss of capital is entirely possible.
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