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Biotech / Medical : PE Biosystems (PEB)
PEB 11.490.0%Dec 29 3:59 PM EST
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To: luther yow who wrote (114)6/23/2000 7:53:00 PM
From: Adam Nash   of 122
 
Where to from here? I can't pretend I didn't make a mistake going long this stock at 100. I really liked the story, the prospects, and the strong cash flow, and I didn't think that the market would ever let it back down.

I've thought about adding more shares at these prices, but I need to get a better sense of growth drivers going forward. I am also worried about Celera, since being joined at the hip, if Celera runs losses long enough, PEB might have to bail it out.

Currently, that doesn't seem like a problem, but it was an issue for me that I felt was unaddressed in the literature and statements by the company.
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