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Biotech / Medical : Gliatech (GLIA)

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To: scaram(o)uche who wrote (912)8/11/1999 7:08:00 PM
From: John Metcalf  Read Replies (1) of 2001
 
"I'll be selling T shirts tomorrow.....

"I survived the GLIA open-market dump"

Hey, I want one of those. Of course, if you have them priced above $10, I'll have to make installment payments.

Seriously, if you take the long view, GLIA was stalled at $7-8 on stories of a murky patent situation. By the time that resolved, a conservative like me could buy the stock for $16. After ADCON introduction, the stock rose into the $30's, only to be brought back into the teens by unexplained prolonged selling. Investors worried about slow penetration, competitors coming on line, and company spending for a new HQ and new products. All the while, the downticks were whispering that something was wrong.

Throughout all this, if I'd listened to Rick's view of the science, good management, and market prospects, I'd be a richer man, and I'd own more GLIA at lower prices. Thanks!
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