Depotech(depo) Message Board

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Biotech / Medical : Depotech(depo)

DEPO 7.300

+1.7%

Aug 14 5:00 PM EST

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To: scott harrison who wrote (625)	12/20/1997 3:46:00 PM
From: Arthur Radley	Read Replies (1) of 887

Scott, I sorry that you are holding DEPO at $15.00 a share but you shouldn't dismiss Chirodoc's statement that this is "dead money". The biotech field is covered with many dead "soldiers" in the battle to get a drug approved. I can name for you a long list of stocks that had the same disappointment as DEPO experienced this week and NONE of them have bounced back from their drop-off from their disappointing news. I think it safe to assume that you would be hard pressed to show me one biotech that has bounced off their disappointing news as you think DEPO will. Even the "good" biotechs are having a hard time maintaining price support and they haven't experienced any disappointing news. It is always hard to accept the news that you got this week with DEPO but at some point "we" have to move on to other options in a hope that we can make up for these disappointments in the stock market.

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