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Biotech / Medical : Cortex (Cor) [formerly CORX]
COR 357.11+1.4%1:03 PM EST

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To: John Lacelle who wrote (649)10/29/1998 7:47:00 AM
From: Cage Rattler  Read Replies (1) of 1255
 
John:

Agreed. I think CORX was a good risk:reward venture at one time; currently however, the price and volume appear extremely unfavorable. How can anyone suggest that a equity that was over 3-dollars last Spring and now is weak at 75-cents, could be a sound risk:reward investment is beyond me. A solid investment in any equity would display positive growth with short-term ups and downs. CORX regrettably has only displayed a downward trend with ups and downs.

The CFO's departure suggests his loss of confidence not a wonderful new job opportunity. Let me ask you, who has replaced him?

If you are positioned, forget what you paid for the stock. The value is no more what it is worth today. So, if it regains to 1.50 you will double your money, but don't bet on over 3-dollars again. Ask yourself, what are the chances of dipping to 40-cents -- perhaps it is a better shorting opportunity? At this juncture CORX is a crap shoot.

Ciao, Ted
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