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Strategies & Market Trends : Value Investing
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To: cpabobp who wrote (17219)6/12/2003 5:07:12 PM
From: Paul Senior  Read Replies (1) of 78701
 
cpabobp: As for me, I'm buying these below-cash biotechs as speculations. I want the cash burn to last at least a couple of years. That way, I'm assured there's very little possibility of these companies going kaput for that time period. My bet is that going forward, at some point we'll see the sector become more in favor than currently, and that several of these stocks will see good stock market gains:

1. Through announcements of joint ventures with major pharmas (e.g. CRXL)

2. Through investor excitement in some of these companies moving product from PhaseI to PhaseII and/or to from PhaseII to PhaseIII.

3. Through media buzz of new technologies or new drug possibilities these companies offer.

4. Through internal restructurings.

5. Through the current bull market in biotechs stock prices - if it continues.
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Looking at VICL's stock's history,

finance.yahoo.com

we see that's VICL's been around awhile, and that its stock has been subject to a short period of great enthusiasm. I am hoping at least a couple of stocks in my basket can repeat some of this enthusiasm or some retracement in performance (before they run out of money, or I run out of patience or confidence.) So far, I am seeing acceptable results.

My bets do not depend on these companies being or becoming profitable. I'm not too concerned about what to buy. The issue for me will be when to sell.

Paul Senior
Missed the short window to buy VICL near lows. Will try again tomorrow.
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