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Biotech / Medical : Biotech vs. Shorts
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To: scaram(o)uche who wrote (238)10/9/1999 12:42:00 PM
From: RWReeves  Read Replies (1) of 427
 
Happens to everyone,

Best to avoid falling on sword..PI trials of falling on sword were halted because of AE's.

There is an oversupply of klutzy management in biotech and medical devices out there (CLTR comes to mind) Thank God airliners are not flown by people with such bad judgement. Unfortunately they sometimes look OK until challenged like this when they make dumb mistakes. I tend to believe this is a transient problem (FDA letter, not GLIA's handling) and this has been another in a series of buying ops in excessively beat up stocks for me.

RWR
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