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Biotech / Medical : Aurora Biosciences (ABSC)

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To: James Silverman who wrote (13)9/26/1997 5:09:00 PM
From: Boyce Burge   of 359
 
James... I meant the hype that comes every January when H&Q and others have their biotech conferences. If you bought ARQL then, as many did you paid $22-24 for it -- after Feb it dropped to 13, and has never quite struggled back to its Jan-Feb high.

The point I'm making is not that ARQL or TRPS are bad companies to own, ...but that they are bad companies to buy in January, or to sell in the summer. People who buy biotech on analysts recommendations and then sell when the stock dissapoints can easily lose half their capital each year.
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