ONXX Message Board - Msg: 14140683

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Biotech / Medical : ONXX

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To: Skywatcher who wrote (378)	7/31/2000 8:30:40 PM
From: The Fox	Read Replies (1) of 810

Chris, Looks like we're right back to where we were three years ago (with a nice ride in-between). But you have to have a lot of patience with biotechs...it takes a long time to get a drug through the FDA's trial and approval cycle. This looks like a company in which it would pay to build a nice position over time (which I have done). Be thankful that you at least had SOME shares. Be patient...know your stocks. Play for real stakes (it's not good to own 100 shares each of ten stocks...better 1000 shares of three stocks). Finally, don't try to time the market. Did you know that in the Magellan Fund's heyday, 75% of the people who owned the shares lost money? Most of these people had tried to time the fund's performance, and failed. Good Luck.

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