Immunex Message Board - Msg: 15583270

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Biotech / Medical : Immunex

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To: scaram(o)uche who wrote (517)	3/29/2001 1:54:34 PM
From: Skeeter Bug	Read Replies (1) of 656

richard, you would be wise to consider mr snyder's point. bios are risky. period. the question then becomes... how can i reduce my risk and increase my potential reward. 1. NO "investor" has any business investing in one bio. investors should own a basket - fully expecting at least 50% to go to $0. problem is, you don't know which ones ;-) 2. try and gleen information about a bio from the pharmas that do business with the bio. rely on their science and their judgment - they are more professional and have more information than most investors. 3. buy cheap! buy cheap! buy cheap! bios trade on mood more than anything else. moods swing a lot. buying one bio is gambling. period. imho, imnx is in a great position and the price at $11 was a good risk/reward. however, imnx is not a sure thing. they may spend all their profits striking out. who knows?

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