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Biotech / Medical : GENSET - GENXY

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To: Mike McFarland who wrote (169)	3/20/2001 10:44:55 AM
From: Mike McFarland	Read Replies (1) of 200

Genset ADRs fall from $40 to $4 in one year. quote.yahoo.com I'd extracted quite a lot of profit from biotech stock trading last year. Naturally watching one of my favorite stocks melt down has been a wake up call, and I find pretty much wanting to keep my money out of the market. I've not more than nibbled on a few things of late. How could I have been so wrong? What about Genset was particularly misleading? I started buying Genset again around $20, told myself it could still go down 50%, and was still buying at $10. Now that genxy has been halved again, all I can say I wish I had the courage to admit I was wrong and that I'd walked away much earlier. I saw a great disclaimer at the end of a biotechies post yesterday. I'm going to borrow it with a few modifications. DISCLAIMER: I am often an idiot. I made some money in biotech last year. It was probably sheer luck. Do your own DD. Don't let a $40 to $4 happen to you. --Complete Ass

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