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Biotech / Medical : Biotime-Nasdaq's best kept secret?
BTIM 0.00010000.0%1:26 PM EST

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To: Jim Roof who wrote (1339)6/24/1999 11:27:00 AM
From: John L.   of 1432
 
Jim, it is probably going to be the end of the year before we know for sure if BTIM is for real. I doubt sales will help the stock until it is clear what size the market will be long term. I thought after FDA approval a foreign deal would be signed and credibility would start the stock running up. No deals and silence from Abbott & BTIM have created weakness in the stock price. Shorts are investors and there seem to be more investors who believe sales will be weak than longs who believe the sales will be strong. A deal with another company for Europe or Asia would help credibility and may help the stock, but it seems to me we need sales to generate interest. I am disappointed at the stock performance but will hold until the end of the year before rethinking my investment. I still hope this will be a home run although I am getting more skeptical as the years pass.
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