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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Nov 21 9:30 AM EST

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To: vibaby who wrote (2889)7/27/1999 7:29:00 PM
From: Guy  Read Replies (2) of 4140
 
Could someone tell me why they have any reason to invest serious money in this stock. Lets fact the facts, isn't the chance of approval very small now? Even if they can burn through 2 more years of cash, if the FDA doesn't approve it, this company has few prospects.

I've owned SNRS for quite some time, and it was a very bumpy ride. I cashed out on most of my position on Friday at close to $5. I think I will cash out on the rest of my position soon, as I just think the risk is to great.

Like many here, I thought the SNRS procedure was a sure thing. I hope it still gets approval, but the risk of loosing everything is to great. I didn't invest anymore in this company than what I could afford to lose, and I feel fortunate that I haven't lost it all considering the news.

My best of luck to all SNRS share holders. You win some, and loose with others, that's why I diversify.

Guy
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