The 7 Deadly Sins of Biotech Investing

A fool and his money are soon parted, the old idiom goes. I'll add this: The money parting often happens faster to fools who invest in sketchy small-cap biotech stocks. Just ask the guys holding shares of Provectus Biopharmaceuticals (PVCT_), Galena Biopharma (GALE_) or Prana Biotech (PRAN_) before they all crashed hard. 

A reader, Brent B., wrote the following seven-step primer on how NOT to invest in biotech stocks. Like all good satire, there's an element of truth here, so if you recognize yourself below or otherwise own Northwest Biotherapeutics (NWBO_), Arena Pharmaceuticals (ARNA_) or MannKind (MNKD_), stop making mistakes and seek professional help -- fast.