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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC

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To: Ray Cayen who wrote (1113)3/6/2000 8:42:00 PM
From: William Whitehead Jr.  Read Replies (1) of 1126
 
You raise a number of good points. But never underestimate the power of a very hot market to carry a penny stock a long, long way. Especially if the company has a concept that the market wants to invest in. I think the new subsidiary is such a concept.

As a case in point, I thought Lorus Therapeutics was an interesting well run emerging biotech with a very solid game plan and management team. I figured the stock should be worth a couple of bucks. Current market euphoria puts it close to $9 and going higher!

Time will tell who is right when it comes to this one!
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