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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: Andreas Helke who wrote (4798)5/4/1998 1:31:00 PM
From: Vector1  Read Replies (1) of 9719
 
<< I wonder why the VD model does not own Entremed shares. >>

Because when we looked at it we had no buying power. I have followed the company for about 6 months and it was cheap at $11. It may be a good short at $60. Technology is incredibly promising but they are not yet even in phase I and there are some competitors. I wished we owned it at $11.
However part of the lesson here is the dificulty of timing biotechs. WHen they move they do it in quick bursts.
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