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Gold/Mining/Energy : Procyon Biopharma Inc.

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To: William Whitehead Jr. who wrote (64)10/10/1998 11:05:00 AM
From: Tim Cruise  Read Replies (1) of 356
 
Simmer down Francis. If you are in a hurry, sell the stock. Nobody, but nobody around here ever suggested that this was a flip. Yes more time, all biotechs need more time. When they get to the stage that they don't need time they are generally referred to as Big Pharmas.

It is all about product & science advancement. These things take time. I am long and have considerably more on the line than most. I like the team, I like their scientific & business ability and am willing to wait.

In general, people are not investing in spec stocks at the moment. In fact, I personally haven't traded in over a month. I am cash heavy and see lots of "cheap" stocks in the mineral and high technology industries, but still have the gun holstered. I understand people not jumping in, and the low depth on the bid. This will persist until there is a reason for bid strength. In the meantime there is a Company to run and I believe that that is being done quite well at the moment.

Have a good weekend,
Tim
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