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Biotech / Medical : Genzyme Tissue Repair - GZTR

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To: KLH who wrote (208)7/9/1999 9:33:00 AM
From: Exacctnt  Read Replies (2) of 405
 
KLH, The Great Experiment Part II. Call me a glutton for punishment, I have just about completed another purchase for an additional 10,000 shares. The first 10 could have been sold for a 20-25% gain at one point since the original purchase, but I wanted more.<g> I still maintain that the downside risk is minimal and the upside is worth placing an additional investment ( or maybe I should say, bet).

I am viewing the investment/bet as a trading vehicle depending upon the movement in price of the stock.

Yesterday's bid and ask pricing was somewhat encouraging, however, there is no doubt that there is a major seller out there that kept the ask price stable all day at 1 15/16. Eventually, that seller will complete their sale and hopefully the stock price will get out of this rut.

A year from now we may be able to look back at these prices and marvel at the incredible buying opportunity. Time will tell.

Regards
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