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Biotech / Medical : LIPO-Liposome
LIPO 0.330-5.7%Nov 28 9:30 AM EST
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To: G-MAN who wrote (529)11/1/1997 10:36:00 AM
From: Chip Roos   of 900
 
G-Man:
Sorry you took such offense to my posting. I would be happy to lay out some reasons that I feel (my opinion, of course) that LIPO is a loser but later as I only have a few minutes now.
I will tell you that we investors have made many of the mistakes that you mention above in following the biotech companies. We hitch our expectations to a pipedream as most of these companies are nothing more than profit losing entities basing everything on a single product future. Money is spent in the meantime and more often than not, what happened to Lipo is the norm...."So sorry, our product didn't work or wasn't approved by the FDA." "We'll just keep the investors' money for ourselves" or something like that.

Prudent investing (again in my opinion) should be based upon product, revenues, PROFITS, etc. It's fun to spend a small part of our investment portfolios on companies like LIPO, ESCI, BRE-X, etc but the emphasis should be on small investments that we can afford to lose.....not our children's educational funds.

Anyway, I may be wrong on all of this and meant no harm in my posting....I do feel that LIPO has been a loser and will continue to be fun to dabble in but no more than that.

I am sincere in wishing the very best of luck to you and all on this thread. I will post more later but have to run for now.

Chip
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