TGEN - Targeted Genetics Corporation Message Board

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Biotech / Medical : TGEN - Targeted Genetics Corporation

TGEN 8.230

+0.9%

Nov 7 9:30 AM EST

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To: Mike McFarland who wrote (353)	4/1/2002 3:49:29 AM
From: Michael Bakunin	Read Replies (2) of 557

> With a lot of biotech valuations in the > toilet, the average shareholder in something > like Tgen, has got to be feeling like a sucker. ..and yet those valuations have me interested in the group again. I picked up some TGEN at 2 last week; the purchase may yet have me feel like a sucker, but at least not 'til trading starts tomorrow.. -g- Aside from my feeling that, in the long run, TGEN's a nice lottery ticket to own in this space, I appreciate the promotion that management has been doing. Throw in some fingers-crossed data coming out this year and I hope not to feel too foolish about my purchase come fall. As for CellExSys, their plan is to sell equity stakes to keep it funded (cf the 10-K; "Upon completion of these funding activities, we would no longer be the majority owner"). Management assures us TGEN is funded through 2004, so they'd better be getting cash somewhere. I hope biotech stays in the dumps for another month, since I still have shopping to do for my portfolio. -mb

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