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Biotech / Medical : Biotech Valuation

CRSP 56.68

-2.4%

Dec 12 3:59 PM EST

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To: tom pope who wrote (8358)	5/13/2003 10:25:34 PM
From: Biomaven	Read Replies (1) of 52153

Ah, yes - the memories of a few years ago. I did very well in ARIA - bought at something like $1 and sold at something like $7 only to watch it hit $50. Of course nothing compared with poor Mike with his huge position under $1 that he exited before the surge - I forget the details, but he missed the chance at a very large fortune indeed. In retrospect of course we were all nuts to think it would last. I grumbled some at the time about tulip farming, but ended up holding some biotechs that ended up worth about as much as a present-day tulip, but not nearly as pretty. <g> Peter

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