FDA THRESHOLD: LOWER-RISK BIOTECH INVESTING Message Board

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Biotech / Medical : FDA THRESHOLD: LOWER-RISK BIOTECH INVESTING

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To: Edscharp who wrote (68)	12/10/2001 8:10:16 AM
From: Arthur Radley	Read Replies (1) of 75

Ed, You certainly can't fault your approaching to investing in biotechs...by waiting for the final proof that what they think they have is the real thing. I'm always reminded of a CEO for a small oil company that I owned stock in many years ago. Anyway, he called me at home one night telling me about all the good things going for them and pointed out that they owned the lease for a plot of land that was merely separated by the Brazos River from land that another company had hit several gushers. His final comment after "suggesting" I buy more stock was.."The only way we won't hit the same type gusher is if the Brazos has cut off the flow of the underground oil." Ed, do you know how deep the Brazos River is in Grimes County, Texas? (:>)

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