"Shoulda, coulda, woulda" will probably be my investing epitaph.
While there is no shortage of investment advice telling you that
long-term investment success is predicated on developing a consistent
method of evaluating stocks and sticking to your valuation guns, the
consequences can be painful.
A perfect case in point is Celldex Therapeutics (CLDX). I've always liked this development-stage biotech (and have written about it here and here...),
but the price never seemed quite right to me. That "price discipline"
has kept me on the sidelines as the stock has risen over 250% over the
past year and 400% over the past two years, and the company has emerged
as one of the most legitimate and interesting small/mid-cap
immunotherapy biotechs.
Please read more here:
Celldex Turning Into A Compelling Immunotherapy Biotech
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