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Strategies & Market Trends : Value Investing

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To: sjemmeri who wrote (14426)	5/2/2002 3:08:05 PM
From: Paul Senior	Read Replies (2) of 78596

Steven J.: Congrats on SSPE! It was mentioned here in '99 I believe. Nice payday today for anyone who bought then and held on. I've just begun to see a number of "cheap, small" biotechs, and I'm considering trying to buy a diverse number of them also. Since I can't evaluate the technical or business prospects of any one in particular (and I don't trust media reporters or fund managers in this area), I'd agree with you that a basket approach is the way. In fact, I'm trying to make my first small (very small) purchase today: ARNA --- no ltd, price under cash, burn rate--for now-- not too bad, and don't ask me anything about G protein- coupled receptors thank-you. I'd be betting and hoping for a stock pop sometime within the next couple of years if the biotech sector returns to favor. Paul S.

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