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Biotech / Medical : Magainin Pharm (MAGN)
MAGN 8.890+2.2%Nov 7 9:30 AM EST

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To: mike mulhearn who wrote (51)5/14/1997 6:34:00 PM
From: Shlepper   of 233
 
Tom,

I agree. I think that drops in the price of Magainin are good buying opportunities. I've been building my position over 5 years, and will continue to do this whenever I have some $$ around.

The stock may jump to 12 in the next few months, but the chances are that it will stay in a trading range of 6 - 12 over the next year or so, and then start breaking out. One can buy low, sell at 12, and then buy back in for more shares. I've just let everything ride, and will one day either be up on Mt. Everest, or viewing the remains of the Titanic.

Good Luck,

Shep
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