dpii is trading below $3 again, I guess
I will crank up my radio button rating
of the shares in a futile attempt to
prevent being stopped out. I'm only down
5% so far...I'll wait til I've lost 20% and
then give up my shares to a more saavy buyer
than I am.
Another crappy year for me, that'll be five
years of no gains, er, I mean regressing to
mean performance. Can't last forever these
lousy picks--or can it? The obvious answer
is that mucking about with so-called value
in biotech simply means that you have bought
into business on which everybody has given
up. As we know, sexy biotechs do well, and
competent biotechs do well--and even stuff
like Ariad can at least go to the well, over
and over and stay in business.
But there might be a limit to how low one ought
to bottomfish and expect results. I think I found
that limit down here with the muckworms.
I would really like to see BVF buy into dpii,
and who knows, maybe that fund is nibbling but
hasn't yet triggered any filings, who knows.
But as I said, they'll probably be getting in
finally when I finally freak out and sell in
the middle $2's. PCOP has also done poorly the
past couple weeks--but for my watch list, dpii
has done the very worst for 8/18 to 8/24.
finance.yahoo.com
(dpii was off 4%, worst, amri up 6% best for
that five day period) |
