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Biotech / Medical : Trickle Portfolio

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To: Biomaven who wrote (44)	11/1/2000 1:59:21 PM
From: tuck	Read Replies (1) of 1784

Concerning IGEN and other special situations in the trickle category: should the Trickle Portfolio invest only in "paradigmatic" trickle stocks, avoiding potentially profitable near term plays because they are the culmination of a special situation? Do you think IGEN's underlying business is overvalued? It's hard to know if the recent run up is more related to earnings or potential for favorable settlement. I get the idea this is a fake out, since this low volume sell off is happening after a run, but before the news. It still seems cheap, just a few bucks over what insiders recently paid for it. Cheers, Tuck

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