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Microcap & Penny Stocks : Modano's Tavern on the Green

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To: Modano who wrote (127)5/28/1998 11:03:00 AM
From: FNS  Read Replies (1) of 154
 
Modano: Re: <<What is your take on this stock in the long term? Do you concur with the $70/share estimate? It looks like things have been pretty volatile. Any ideas why?>>

1. Long term I'm sure that CNTO will do well. But the $70 target is based on home runs with various Reopro, Retavase, and Avakine revenues.

2. The stock has certainly been volatile, perhaps like most biotechs. Not been too successful in trying to call the shots when to sell or buy more so I've decided to stay the course for another 1-2 years and then run....am retired and will look other other ventures. But do enjoy the game! From a TA and business fundamental perspectives I think the stock is a buy in here, and look forward to FDA approval of Avakine. Certainly the stats looks good and Crohn's patients can only benefit! (IMHO)

Ciao!

FNS

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