Your right about the biotech selloff. Last I heard it's 7 or 8%. I really don't know much more than to check a company out, and if the price is right, buy and hold. Then follow for 3 or 4 years, checking the things that I thought gave the company the value. If things change, then I sell. And no matter what, I seem to be a year or so early,,,well maybe not all the time, but usually.
By the way, cytc is now 21 and hgsi is 32. But I would not be surprised if they got caught up in the downdraft again even though they seem to be worth more than they are now. By the way, I don't have maxba, but I did get the investors package and am trying to check it out, but it takes time. I did finally pick up some lgnd, the price was finally too tempting, even though I'm still trying to wade through all the stuff posted all the time. Ligand's investor package is a challenge, I asked for extra stuff and they sent it to me. Many papers on stuff that I was only peripherally aware of, so I'm having to learn another area. But what I've figured out so far is that it seems to be the real thing, at least some of it. Some of the data is relatively impressive and complete. I've had trouble with Isis finding enough data to be sure of what they claim. I am actually pleased with this selloff since I had been following a number of companies and they are coming into range very reasonable prices. |
