<<Yeah...so...let's talk about stem cells! :)>>
Did you see yesterdays ride.......Amazing....some of them were down 60% during the day........but, this should be expected...we have a very new and fairly controversial 'sector', in which case MOST, not all, but most, of these companies are not making money and wont be for awhile....but the sheer prospects of what may? lie ahead, drove these babies up HUGE %'s. So, regardless of prospects, you still have to take into account that most of these companies are losing money, yet they have gone up from pennies to $3 - $10....If I bought at $.50 ( I did buy a couple under $1) and the stock shoots to $5 or more, you can be pretty sure I have been selling on the way up.....I suspect many more are the same way....so, I certainly expect alot of volatility for most of these companies.....very hard to tell if they get the mo mo behind them to keep up the tremendouns momentum, or if they come back down to earth....some of them could pull a tasr and go from $5 to $100 in a blink, for all I know....what I do know is that there could be a very bright future for the stem cell companies...a very, very bright future....but that doesnt mean it is safe to buy...as I said...for all I know, they could all shoot to $100 a share....and for all I know, they can all drop back down to a buck.....They were all worth the gamble a year ago, I thought, as they were all very cheap and I knew it would be a good year for good news on the amazing advances in medical science that would be coming out in this sector.....but now...I still think we will continue to see great news on the breakthru's accomplished, but fundamentally, it is hard for me to recommend any company that has gone up 500 - 1000% and is losing money.....basically, it's a bet. Like with RMBS, I dont think these stem companies will stay in this range....when rmbs is finished with it's legal junk, I think they will be alot higher or alot lower....same with all these stem cell companies...I think they will be alot higher or lower down the road...no way do I think they move with the markets...and they havent for the past year...the stem cell sector has DWARFED any gains in any of the major indices the last year.....But as we all know, with stocks, it is not what they did yesterday, but what will they do tomorrow...and thats where the question lies within this sector......Gotta run....a few busy days ahead...... |
