Magainin Pharm (MAGN) Message Board

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Biotech / Medical : Magainin Pharm (MAGN)

MAGN 9.090

+6.2%

Oct 31 9:30 AM EST

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To: Mike McFarland who wrote (200)	7/1/1999 1:52:00 PM
From: Mike McFarland	Read Replies (1) of 233

Well wasn't that a nice romp...and it seems to want to continue... However, as of now my remaining shares in Magainin are 'paid for', no matter what the future holds for Pex or Squalamine, or the Asthma program--I need not worry, the market has given me a nice chance to hold shares which seem like they came free to me. My investment is a more modest size now than the slew of shares I had piled into near the recent lows, but still sizeable (20% of my portfolio). Some would argue that is still too much, but I feel pretty comfortable with it. I have no target for the stock...a long term investment and it's all in the companies hands...well, the FDA too, but let's not dwell on that;-) I hope the recent move has helped mitigate the longer term suffering of investors in this stock (that is to say, hope you all caught at least a part of the move from 1 1/2 to 3 1/2. I would not neccessarily advocate loading up on every micro biotech whish is punished by the markets...sometimes the punishment is deserved, and I certainly don't have the expertise to know to where the best science is. I've a rough idea from time to time what get's you the best bang for the buck though. Bang!

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