Biotime-Nasdaq's best kept secret? Message Board

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Biotech / Medical : Biotime-Nasdaq's best kept secret?

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Nov 5 1:26 PM EST

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To: Wai-Shan Lam who wrote (862)	4/29/1998 3:47:00 PM
From: john w. toigo	Read Replies (1) of 1432

Hard to give a "good" reason in this market that is probably past its near term top. I was originally short this stock at 60ish then flipped and went long a small position after the split and first correction. Biotechs are not for the faint-of-heart, but the rewards can be huge. i don't place that much value in the Abbott position-the $$ are pocket change to them. My view is that the upside potential is large because of the problems with the worldwide blood supply shortage and the cost of giving plasma and/or whole blood during surgical cases. Also, I think the military uses are significant. On the other side, look at the trouble Baxter has had with their blood substitute-huge studies and still no approval but its a different animal because of the O2 carrying indication of the Baxter product. It's a tough call on this one.

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