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Biotech / Medical : ONXX
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To: Paul Kern who wrote (510)8/5/2000 1:51:18 PM
From: Charles Tutt  Read Replies (1) of 810
 
I don't consider myself an "altruistic investor;" the position I have in ONXX is purely for selfish reasons. I just think their science has a nonzero (but perhaps/probably small -- who knows?) chance of eventually providing a cure for certain cancers, and that such a thing could be worth quite a bit more than the (relatively rather small) market capitalization of the stock. It's really that simple. BTW, I'm not in any hurry, either.

ONXX has been up and down while I've held it, and probably will be again. Day traders don't really affect my perceptions or my strategy, which is long-term buy and hold.

I suppose if by some miracle it hit 200 I'd be gone, but otherwise my timeframe is years.

JMHO.
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