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Biotech / Medical : Alliance Pharmaceutical
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To: Jon Tara who wrote (509)1/9/2001 11:37:09 AM
From: All Mtn Ski   of 548
 
Sure, the approval process will be delayed. Then again, I've held this stock since 1995, so what is a few more months or even a year? I realize the money could run out before commercialization. Last time the stock got to $2 was went JNJ backed out, I added more and 18 months later it hit $20. I lightened up when we were in the high teens, so I'm letting my measly 300 shares ride on this one, but will probably add 300 more around $2-1/2. ALLP is peanuts in my portfolio, so I don't feel bad at all. A speculative biotech should only be 2%-3% of your portfolio anyway, just for this very reason.

I still believe the human race needs a viable blood substitute solution.

TT
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