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Biotech / Medical : ArQule
ARQL 20.000.0%Jan 16 4:00 PM EST
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To: Rio Jangada who wrote (246)6/23/1998 10:48:00 PM
From: ahhaha  Read Replies (2) of 399
 
It wouldn't do any good. There are lots of experts that have high confidence in this company. So what? Experts have as much chance of being right as you do. Maybe less because they believe they know something when the something can't be known, so they bag themselves by believing their own hype. What I'm saying is practically heresy. To acknowledge it is to recognize "a man's got to know his limitations". Institutional fund managers have to make the public believe that that isn't true. Otherwise, why does anyone need an investment fund?

Didn't you read the news? A merger by one of the company's "partners" has caused the remaining entity to lose confidence in Prayer Wheels. Why are they losing confidence? Before you bought, you should have gone back to my posts earlier this year and studied them closely. You don't buy into a deal like this. This is still downward bound. The drug makers and scientists are hoping you will bail them out.

They'll tell you that you got in at a steal. It'll go lower. Then they'll tell you how stupid you were to buy into that pile. But before it does that, it has to make sure you won't sell when it goes through 11 on its way down. It will have to rally to secure your allegiance.
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