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Biotech / Medical : Alliance Pharmaceutical
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To: Arthur Radley who wrote (413)12/10/1999 5:10:00 PM
From: Patricia Smith  Read Replies (1) of 548
 
Texas Dude,
You're right, this is a very nice jump. I've owned this one for 10 years. I've seen 40 and I've seen under 2. I believe this jump is in honor of the phase 3 trials, I hope they go well. Whenever I read the annual report, I think I should own this company, but, obviously the stock price doesn't always reinforce it. With biotechs, there's a point at which you want to take a substantial position and hold on. I've added to my position, but don't know if it's really time to hold it all indefinitely. I remember when everyone in the control group survived, which was pretty hard on ALLP. They have an interesting product, but the FDA is it's own world.
Pat
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