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Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST

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To: Mike McFarland who wrote (558)6/10/1999 1:10:00 PM
From: scaram(o)uche  Read Replies (1) of 4474
 
>> I Hope this little exercise isn't pissing anybody off <<

I think it's a great exercise. However, since you've hit on one of my classic bad calls, I'd like to return to an old theme......

My style of investing in biotech...... find interesting, leveraged companies and invest early. Research them like heck, find out that they stink before the next guy and bail. If they don't stink, ride it out, making a basket of the leveraged suckers.

So..... you know when I bailed. It ticked you off for a bit until you saw my earlier "warning sign" posts that were highly critical of management. It is always embarrassing to have said such glowing stuff about a company that subsequently manages itself into the ground.

Again, very useful exercise. I encourage more of it on more threads..... it is instructive, first, and..... I suspect more along the lines of your motive..... it demos how much the company still has going for it, if not from a near-term investment stance.

It will be good to see you hit your trading groove again. When you first landed in the microcaps, it was great to watch you artfully move the cash around. Here's wishing you that sort of luck again.

Great post. Pick the AGPH, GLIA or MLNM thread next, please.

;-)
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