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Author: ribbs123 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3894  
Subject: Re: I think of it often... Date: 4/18/2006 8:19 PM
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But I still wonder, was Mistake #2 really a mistake? Or was this a special situation, where bankruptcy was narrowly avoided? Or is emergency capital easy to find in the biotech industry? I don't want to ride a company straight into bankruptcy in the future just because of this one experience. Can anyone offer some insight on this?

Based on what you said, I wouldn't consider it a mistake, just bad luck. You had decided that your investment thesis didn't work so you got out. I would call it a mistake if you bailed just because the price dropped. You need to look at the decision not its outcome. (A more complicated assessment requires knowing whether you could have predicted the recovery. I don't know much about biotech and I'm not familiar with that company so I don't know if there were signs that the company was ok even in the darkest days.)
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