be still my heart
warning: this is totally off-subject - it has almost nothing to do with Sun Microsystems
If you object to this post, I apologize, but I do not get this excited very often, and since this is the only SI thread I have participated in in the past 2 1/2 plus years since I became a member, and I have always been only a news provider here (as well as a a smart-ass in twister's case), I thought that some of you would want to read it.
(1) Recently, my wife and I reduced our SUNW holdings to about 50% of what they had been, down to 4,000 shares. Not because we do not still believe in SUNW as strongly as ever - we would have sold all of it if that were the case, but because SUNW has been so successful for my wife and I that there was too much money in one place. Our paper profit since we first bought in May, 1997 was up to over $425,000 (all in retirement brokerage accounts).
(2) Earlier this year,in March actually, a new friend named Charlie revealed to me that he had a total heart transplant about 12 years ago, but that there was some chance, in the future, that he would need a total artificial heart to replace his transplanted one - a product not then or now available through medical science or anyone else. He then told me about a local company, from Danvers, Massachusetts that is developing a total artificial heart, and thought that they might be ready to go to clinical trials in humans during the year 2000 (next year).
Being the curious types, Charlie and I arranged a meeting and tour with the company's CFO.
Oh yeah, the company is Abiomed Inc - ABMD on the Nasdaq.
After much research and conversation, my wife and I bought 1,000 shares on March 30 at 12 5/8, another 1,000 at about 24 on October 27, and then got real crazy and bought another 3,000 four days ago at about 45 1/2. So we have 5,000 at an average of $37.43.
At this point, some of you may be pissed that I am touting this stock on the SUNW thread to help push up the price of ABMD. If you feel that way, I am sorry, but Abiomed's stock does not need the few purchases that might come from members of this thread.
I believe, and this is a very personal belief, that between next week, and sometime next year, every adult in the U.S.A. will be very familiar with them ... and for good reasons.
please understand that I am not a broker, or a professional analyst or a professional investor and that I believe that Abiomed is an "extremely high risk" investment. I AM NOT, IN ANY WAY SUGGESTING THAT YOU SHOULD BUY IT.....
..... but you might want to read some of the following .....
pbs.org
messages.yahoo.com
abiomed.com
techreview.com
Ken Wilson |
