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Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST
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To: Vector1 who wrote (527)10/6/1997 5:06:00 PM
From: Bill Wexler   of 1728
 
I have mentioned in a past post the I WOULD buy...

However, I feel that I would be taking an unacceptable risk at over 10 a share with the company still in its development stage.

At current prices, investors have already discounted an enormous amount of future revenues and earnings...not to mention that general market conditions may change drastically before those earnings ever materialize.

I wasn't surprised by the RS upgrade, after all, they were the IPO underwriters.
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