Textbook Introduction

As we undertake this most excellent adventure together, I suppose we should discuss what exactly the purpose of this blog truly is…  entertainment!  and maybe a splash of education for those keeping score at home.  

During the next several weeks, I will be referencing the course textbook, “Gaining and Sustaining Competitive Advantage,” by Jay R Barney; 4th Edition.  As I read through each chapter, I will reference various topics, thoughts, ideas, or other random topics that I’d like to discuss and how they relate to our selected stock, IFRX

As we get into this chapter, we initiate our discussion and the popular card came, Blackjack.  As with gambling, stock picks are often about feelings, hunches, theories, or blind luck.  I’ve taken up stock trading by trying to pick runners, winners, and quick steals in order to improve my financial wellbeing.  I found initially that by picking stocks based off solid financial reports, returns, and positive social precense was boring to me.  I wanted fast, I wanted quick, I wanted pure pleasure.  What I failed to learn though, was that occasionally you need to learn from those strikeouts, those failures, and the big misses.  Picking stocks and card games go hand in hand.  

IFRX is one of these flyers.  This stock dumped 92% of its value during early morning hours on 5Jun.  Since then, the stock has dumped another 25% down to $2.91, where it has steadily climbed back to the current $3.30, with a few runs and falls between then and now.  I just need to hit blackjack within the next few days before I decide to fold on this hand and move to the next hand (should have picked NBY today – (900% return.  ugh)  

But with all this said, the one thing that has made businesses win time and time again, is patience.  knowing that good things come to those who wait (something I learned all those years hunting) will prove beneficial to me in the end, as with all stocks I’ve managed to hold out on for several weeks at a time.  at least that’s what section 1.1 is about…. strategy; or what I’ll talk about on the next installment.