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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: Fraser Parsons who wrote (1166)5/14/1998 1:29:00 PM
From: James Perry  Read Replies (1) of 1514
 
I don't know. I never seek to ascribe bad motives, especially where the emotions of investing are involved. At best, it is an "Alice in Wonderland" world. I have sat watching my other favorite stock, Igen, as it has drifted slowly down from 46 to as little as 31, simply because there are a couple of big investors and when they are not buying then practically no one buys. And yet, today I put a report on that string about the conference call to analysts made yesterday. Just all kinds of reasons that the stock should be strong and will go up some time within the coming year. But not now. I think both it and CTAL have very bright futures, and patience will be rewarded. In the meantime, I paid $8 for CTAL and $9 for Igen, and while I hate to see profits drift away, I would hate worse to surrender my shares at the cost of tomorrow! Or to consider paying tax when I know I would want to repurchase those shares.
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