Yesterday, I was on Komodo Island, Indonesia, as part of The Oxford Club’s Chairman’s Circle cruise to Australia and Indonesia. We saw the famed Komodo dragons, which are some of the most lethal animals in the world. When they bite, they release bacteria that stop the blood-clotting process, leaving their prey (including humans) to bleed out.
The dragons roam free on Komodo Island, so I’m sure glad that I had a guide to make certain we didn’t become dragon food.
If you were to take a trip to an exotic location that had hidden dangers like man-eating Komodo dragons, crocodiles or dangerous plants, surely you’d bring a guide.
Yet many investors try their hand at speculating on small cap biotech without having an expert help them. And it’s not that these investors can’t figure out a good stock from a bad one, but in small cap biotech particularly, the waters are rife with danger if you don’t know what you’re doing or don’t follow someone who does.
There are lots of great stories in biotech – amazing new drugs with the potential to cure horrible diseases. And let’s face it, investing in these companies is uplifting. You’re investing in life. Who wouldn’t want to be part of something that saves or drastically improves the lives of people who are suffering?
But it’s important to slow down and understand the forces that move these(...)Click here to continue reading the original ETFDailyNews.com article: The Secret to Picking Biotech Stocks [Celldex Therapeutics, Inc.]You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)