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Biotech / Medical : wla(warner lambert)

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To: Captain Jack who wrote (815)6/11/1999 12:17:00 PM
From: R. Ramesh  Read Replies (1) of 942
 
If it is any consolation to you, I was in a similar situation with CPWR. Bought at 30+ and it kept going down to as low as 16 1/2 (for a verly long time to my liking) and I kept averaging down (with serious doubts about whether I will come out of the pit). But finally it came back up to 32 (now back to 26, that is besides the point). So give it time as long as the business plan and FA are in tact - you will get to
80+ level. It may be a while, but will happen unless Fundamentals change. In the mean time, if you are upto it - average down, trade it or any thing else that might take your mind of this thing.

Regards
Ramesh
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