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Biotech / Medical : Biotech for less than a buck.

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To: RWReeves who wrote (219)12/3/1999 1:33:00 PM
From: Mike McFarland   of 743
 
Regarding CNSI...my thought on that, the
reason I'm holding that supersized position:

Does it not seem odd that they would be spending
all the effort for these rhGGF2 patents if they
were not terribly optimistic for the growth factor?

Also, Cambridge really seemed to cut away a lot
of the things they had going, they gave up another
growth factor and are really concentrated on just
this one effort. They have some sort of an 'ion
channel program', if anybody can value it would
be useful. They also seem not to be interested
in touting themselves, sneaking around down there
on the OTCBB.

I should think Bayer has made some offers, but
a buyout takes away the greatest potential, so
maybe this is going to be a long term investment.

Rick is always looking for leverage, I think you
have that in CNSI.

I've no reason to expect it to run up right now
however, an extra trading position was reasonable
the day of that last PR, but it seems to have been
ignored, so I'd be chasing genomics with cash instead--
but I wont give etrade the $20 to undo the idea.

Now the first three symbols you mention...
I just have investments there, should probably be
trading the volatility in MAGN, but I've become
all sentimental for the long term prospects for
Squalamine. Yeah I'd sell a little on a Pex Pop,
but for the most part I'm done trading those.
I've said it before, and I know mostly I just
repeat myself on these threads, but there is
nothing wrong with making an investment and then
just walking away from the quotes.

long term holds now.
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