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Biotech / Medical : Biotech for less than a buck.
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To: Mike McFarland who wrote (183)11/26/1999 2:02:00 PM
From: RWReeves  Read Replies (1) of 743
 
I hope not. Nobody ever went broke taking profits.

You are definitely in the right place at the right time;

Biotech Microcaps have done pretty well-for example;

techstocks.com

At the moment, Small Wonders portfolio is up 43% since inception late September (it looks like 29% cause I have not figured out how to show Cash without increasing the basis cost.

I'm thinking of adding some of your favorites for good momentum plays. TGEN looks like a vertical wall! Up. And I'm looking at NERX and the odd duck NERXP as well as MAGN. CVGR may get sold as its covered in the CRO thread. And I'll add some Fido Select Bio as an index like comparison.

Somebody who is an astute day trader and no distraction of a day job could probably do much better, for example ARIA was up to 2.12 I recall for a while, and LSCP could have been had for about 70% less than the purchase price shown in SW a few weeks ago to which it has recovered and passed.

The standout is LXRI, up 212% and a high risk penny stock by all standards. It hit a "private" low of 2 cents a few weeks ago as Grace Bros. gave up the ghost. Someone who bought then would have a ten bagger but damn if I'd put a lot in it without A LOT of DD.

My target for these remains 100% in 12 months from inception with relatively little management.

Additions and arguments for deletion are ALWAYS WELCOME. Operators are standing by...

RWR
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