Still here! The stock like the thread is quiet. I know, tell you something you don't know!
I've never been one to predict when price targets will be met. That's a dangerous game, and can't be done consistently (unless you're in the middle of a perpetual bull market :'}. That said, I believe it's totally reasonable for BIOI to go back toward's $9, leading up to decent 1st quarter results.
BIOI is not like other "research" Biotech stocks. You don't track this one in terms of days, and weeks. It should be tracked month-to-month and quarter-to-quarter. No skyrockets here. Consistent (boring), non eventful rise over time is what I see. We might have some spikes from time to time, but until this company gets more exposure, the spike (like we have just recently experienced) should give way to lower prices due to the lack of attention and subsequent lower demand on the buy side.
Would I be surprised to see it hit the $15-$20 range before the end of the year? Not a bit! Is that my target? No!
If the company stays on track with no disappointing results, we should see a steady track upward each quarter. Where that upward tick leads, only Mr. Market knows! And he won't tell you. $10, $12, $15, $20. None are totally out of the question, from a bulls perspective.
This is good stock (of course my opinion). I see it as a steady longer term anchor, to some other more risky investments. I might be in and out of 50 stocks this year, but it's safe to say that I'll still be in BIOI come 12/31/97. Until something fundamentally changes, I am happy with BIOI. And as I said before, I will add on dips. Did I add at $9? No. Will I add in the $7's? Yep!!
Until anything new comes up from BIOI the thread and the stock will probably stay quiet.
All of course is just one man's opinion! Anyone else feel differently? the same? a little of both?
Joe |
