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Biotech / Medical : SANGUINE CORP. (SGNC)

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To: Jim B who wrote (1623)	6/23/1998 1:37:00 PM
From: justaninvestor	Read Replies (1) of 5402

Hi Jim <<you know it's interesting.. people would rather wait until the massive buying starts and pay higher prices then to get in early and just be patient>> It's sort of human nature. Right now, it is still a very speculative play - that's why it's 80 cents. When it starts to move up on big volumes, some people think that a lot of the speculation has been taken care of, that the "big boys" must know something, so they join in too. When I used to invest in the junior mining companies, I almost never bought them under a dollar. When they moved to the $2-$3 range, I would step in and buy, because I was pretty confident that they would continue to the $6-$8 range. I would "only" get a double or triple, but I slept better at night. Having said that, I have made an exception with SGNC and, for whatever reason, I'm sleeping just fine. bbruin -"HLBS&DW"

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