<I want Curis to go to a buck>
cris was off 20% on Monday, to $1.15. After trading through
the fall around a buck a share it rose to a buck and a half
and now looks poised to go back to a buck.
Gene Logic is well below that one dollar target, halved
since then, the new symbol is ORXE and it has traded down
to 50 cents a share on Monday. I've not been averaging
down on my position--which is trivial at this price.
I once sold a microcap biotech at 50 cents a share, half
my position in fact, then watched it go up to $4, where
I sold out, then watched it go to $40. But that was then
and this is now--I am not optimistic now.
ANDS has also been halved since I mentioned it.
INFI is around $7, but it may yet fall to $5,
who can say.
fwiw, I'm 99% cash. I think there are better stocks to
own than this bunch that I have followed, microcap
biotechs that trade below book have not done well for me.
A couple dozen biotechs trade below cash now, but they might
not be worth buying just coz they're cheap (no kidding, heh).
Other biotechs may be worth a look.
I may buy a mutual fund this spring, maybe a growth or
tech fund. I've considered RYJUX from time to time,
it may be worth a look soon. |
