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Biotech / Medical : Trega Biosciences (TRGA), formerly HPIP

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To: bob zagorin who wrote (99)2/25/2000 2:59:00 PM
From: conor00   of 152
 
Regarding the future I am hoping Trega turns profitable in 2000/2001 1st qtr..Most biotech stocks see their greatest rises in the runup to profitability.I got in at 4$ and though sorely tempted to take some profit at 13$ I think the biggest gains will come 1st qtr 2001.This company now has a well focused sensible management team who can do deals and provide positive newsflow over the next 12 months.There may be a further pullback in the next few months in line with the market but look out for action towards end 2000.IMHO a good stock.Also for serious long term portfolio holders trega is an opportunity to play biotech from a different angle.Most biotech stocks are drug developers and trega is providing the tools to make that job easier and to enable scientists/drug developers work more efficiently and effectively.As I have said previously trega tools are likely to prove attractive to the big pharmas who have invested in microcap biotech stocks to discover new lines of development for therapeutic drugs.These big pharmas will put every resource into these efforts because they need new drugs.If trega tools work the big pharmas will buy their products no question.
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