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Biotech / Medical : The thread of life

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To: nigel bates who wrote (614)	11/18/2004 2:56:54 AM
From: Mike McFarland	Read Replies (1) of 1336

It was poker night, and a couple of us were telling the story of Elan. We mentioned that a person might have made thirty times his money if he had bought it at a buck a share. One of the fellas joked that we should have told him about it, he would have put ten or 20k into it. Well sure. I do not remember too well, I try to forget... but I probably rode it down from around $7 to around $4--and then felt pretty good as it fell so much more. What stocks have tanked so much, so that I would consider this sort of speculation at a buck a share? (I cannot think of any) and would a person ride it up 30x? (no). Kinda fun to reminisce and wonder if you could ever have the guts to do such a thing again. I could certainly place several bets like that with the money I have parked in Cell Genesys, but I looked at the Yahoo list, starting with the stuff that trades below book value, and I don't see anything that looks interesting. Lots of stuff I do not recognize however...about half the names.

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