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Biotech / Medical : Cistron Biotechnology(CIST)$.30
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To: Raptech who wrote (1241)7/2/1998 1:35:00 AM
From: Zvi Yammer  Read Replies (2) of 2742
 
Raptech;

Cistron has basic intrisic value in hard assets. Most of us are here because we are comfortable that there is a minimum of 35 cents a share in cold hard cash. Add the premium of the IL-1 patents and the reagents business and we have a potential value of 80 cents to 1 dollar.

Therefore, I would assume that a lot of the posters on this thread bought additional stock in the 18 cents range allowing them to avg. down (my own avg. is now under 23 cents) quite considerably. (OTC:BB aside at some point the market will see that the stock is undervalued and correct itself.)

So at 28 cents there are those of us that will show a profit.

If you haven't averaged down to below the cash level then you should
do that ASAP. If you don't think that buying cash at a 20-40% discount is a good deal then perhaps you are asking too much from a stock. Even with an avg, price of 30cents there's a good chance you'll have a 3x bagger in less than 2 years (ann. return > 74.5%).

If that is not enough of a return for a stock with limied downside then, perhaps, for you it may be a good opportunity to assess your investment and decide whether you wish to continue your relationship with Cistron.

For the rest of us we are 50% higher on the bid (24cents vs 16 cents.... (24-16) = 8cents move/16 cent prev. bid = 50%)
While the true sign will be a sustained bid above 29 cents, you got to get to 24 before you get to 30. So don't worry and be happy that there are a new set of buyers in the market for Cistron!!!

Lookin for a stock buyback followed closely by good news..
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