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Biotech / Medical : Pain Therapeutics, Inc. (PTIE)
PTIE 12.08-1.3%Jan 21 4:00 PM EST

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To: LJM who wrote (4)2/9/2006 10:30:47 PM
From: tuck  Read Replies (1) of 28
 
>>"Sometimes even Cramer can make mistakes," Jim Cramer told viewers of his "Mad Money" TV show Thursday, referring this time to Pain Therapeutics (PTIE:Nasdaq - commentary - research - Cramer's Take).

He said that he shot the company down during the Lightning Round segment of a recent show because he thought it was too risky. But after revisiting the company he found that it's on the cutting edge of modern medicine.

Cramer said the company has plenty of cash and trades at a low price-to-earnings ratio.<<

Cramer is still making a mistake; low P/E ratio? Does he mean negative, like that's a good thing?

Whatever, it's up 11% after hours. I used to follow PTIE -- you can find posts on the old "Biotech Lock-Up Expiration Hell" thread -- but now I basically know about as much as Cramer, which ain't sayin' much.

Cheers, Tuck
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