You don’t find a bigger Hokies fan than my father.
After receiving his Bachelor of Science (B.S.) degree in Building Construction – a hybrid of architecture and civil engineering – from Virginia Polytechnic Institute and State University back in 1955, he’s been a devout supporter of his alma mater’s football team ever since.
And he’s not alone.
The entire Barton clan has a deep-rooted history with Virginia Tech.
Not only did I receive my B.S. in Chemical Engineering from there, both my wife and my brother received their Bachelor’s and Master’s degrees from Hokies country. That’s a lot of Barton degrees from one school.
In fact, one of my favorite memories is from Christmas of last year. We all gathered at my childhood home in Virginia to watch the Hokies take on the Arkansas Razorbacks in the Belk Bowl – an annual college football “Bowl Game” that pits a leading Atlantic Coast Conference (ACC) and Southeastern Conference (SEC) team against each other.
With our popcorn and cold beverages in hand, we settled in hopes of seeing our alma mater extend its bowl streak to 24 consecutive games – the longest active streak recognized by the NCAA.
But by the end of a disastrous first half, even my father began to have doubts. With Arkansas up 24-0 heading into halftime, it seemed like an insurmountable feat for head coach, Justin Fuente to lead the Hokies to victory.
But, as true fans and supporters, we stuck with our team and kept watching.
After re-filling our popcorn and topping off our drinks, we watched in anticipation as the whistles blew, signaling the start of the second half.
And what a second half it was.
As a family, we cheered aloud as Virginia Tech scored 35 unanswered points to win 35 – 24 – the greatest comeback in the Hokie’s 124-year history.
Now, there’s a reason why I’m sharing this story with you today…Outside of bragging about my favorite sports team.
You see, not only does this story underscore a key piece of our 10-Minute Millionaire system, we can also apply that same sort of victorious satisfaction to one of our recent trades.
Let me show you what I mean…
Patience is a Virtue
If you want to build true wealth… the kind of wealth that means you never have to worry about the next financial shoe that could drop…
The kind that lets you send your kids to school debt free…
Or even the kind that lets you have peace of mind heading into retirement, you need patience.
It would have been easy for my family and I to give up on our alma mater, accept defeat, and turn off the game.
But, had we lost patience…and given up, we would have missed one of the Hokies crowning moments.
The same can be said for trading.
Investors who don’t stick to their “plan” or “system” are quick to jump to conclusions, lose patience and head for the sidelines – often missing out on the biggest, most profitable stock movements.
If you’re going to be a “systems” investor – especially if you’re going to be a 10 Minute Millionaire system investor – you need to commit to this.
Once you start with a system, you need to give it a chance to work.
Do that and you’ll become a true “master” of this simple system.
Better yet, I can use our recent “Wild West” trade to prove it…
When the Crowd Gets it Wrong
When I look at our biotech “pick and shovel” play, Meridian Biosciences Inc. (Nasdaq: VIVO) it’s hard not to be filled with the same satisfaction I felt that day watching that historic Hokies game.
Fact is, we started this trade with a less-than-desirable first-half.
Less than a week after we used our 3-step system to get into this trade, the shares pulled back more than 9%.
At the time, investors fell prey to their emotions and quickly sold the stock after the U.S. Food and Drug Administration (FDA) warned that point-of-care lead tests made by Magellan Diagnostics – which is owned by Ohio-based Meridian – may produce false negatives when processing blood samples taken from a patient’s vein.
Following the announcement, Meridian was quick to get to work responding to the issue.
Fast forward to June 6, here’s how VIVO responded to the FDA warning…
First, the company stated that it is working closely with the FDA regarding the use venous blood draws for the four specified products that do lead testing.
Second, the company emphasized that all four products can be used with capillary blood samples (samples that are typically taken from the patient’s finger or heel).
And third, the company stated that this problem (venous blood draws) impacted only about 1% of its revenue.
After providing clarity to investors, this stock roared back to life – jumping as much as 9.5% the closing bell on June 7.
Since then, this stock has continued its unanswered climb higher…
As you can see, after a disastrous start for Meridian, we’re heading in the second-half of this millionaire-making trade with a gain of 4%.
Now, remember with Meridian we’re looking at the long-term picture here and this trade stands to be a big moneymaker for us.’
The watchword here is patience.
The reality is that 95% of investors let their emotions cloud their judgment.
And that’s why they get such lousy returns.
As aspiring millionaires, we know this is a fact – and we’re going to use that to our advantage.
Our system turns the tables on the market and profits from investors whose lack of preparation, lack of patience and lack of emotional control get them to buy when they should be selling, and sell when they should be buying.
Thanks to our system, we 10-Minute Millionaires gladly take the “other side” of those ill-advised trades, reaping the exponential profits that roll in from them.
And that’s exactly what we’ve done with Meridian.
And it’s what we’ll continue to do with all of our trades until we’ve made our goals of reaching millionaire status a reality.
D.R. Barton, Jr.