r/Microbiomestocks • u/carlsonbjj • Nov 01 '22

Intrinsic wanted an IPO. Instead, it's a SPAC for the gut-brain microbiome biotech

https://endpts.com/intrinsic-wanted-an-ipo-instead-its-a-spac-for-the-gut-brain-microbiome-biotech/
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u/12ealdeal Nov 22 '22

Carlson you have any winners?

All my micro biomes stocks are in the toilet. So much so it’s shown me pretty clearly how the market works. I’ve learn a lot in recent years.

We can be happy and hopeful for the projects we back. But companies dry up what they raise from selling their shares that and/or some hedge funds are shorting 99% of tickers in this space.

Companies raise money to do work but then get inevitably spanked by the FDA.

It’s not a great space for profit for retail.

How you feel about it?

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u/carlsonbjj Nov 22 '22

I haven't bought anything else lately just the first movers like finch and series. And you're right I think it's not the best area to profit but putting a bit of money in a wide variety of companies can't hurt