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Biotech / Medical : Gliatech (GLIA)

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To: jeffbas who wrote (1436)3/2/2000 2:44:00 PM
From: biowa  Read Replies (1) of 2001
 
Jeff,

I did start a position this morning, for four reasons:
-The value seems good relative to peers.


Good. Actually, that one point says alot. Even in a down bio market last year, GLIA was where it is today (actually a little higher). No one has made the rational argument that things are any worse off than then (i.e., sales should return and grow); therefore, the downside should be limited even if the sector resets the clock to last summer.

Now, let's see if short-covering, the sector mania and management can give us the upside.

biowa
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