GREAT STOCKS UNDER $15 Message Board

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Non-Tech : GREAT STOCKS UNDER $15

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To: Bo Didley who wrote (107)	12/9/1998 9:11:00 PM
From: David K.	Read Replies (1) of 126

Biotech is certainly next to the net the most exciting and dangerous sector of the market. Some many of these companies have barely enough cash to keep them in business for more than a year. They need to raise more and more money. ASTM lost 3 million dollars and has only 11 million in cash left. The news on many of these companies sounds great but only a handful will be successful. Buy ten of them and maybe only one will be like SEPR. For us amateurs it is like shooting in the dark at a very small moving target somewhere in the room. I remember when Dr. K gave his highest recommendation to Autoimmune (Aimm) in April 97 at 14 which by May 97 was below 3 ( 2 7/16 today). Unless you have a beeline to the Almighty, spread your money around in biotech or get in and out fast.( Always be wary of the hype). PS One last story. At a party last year I met Dough , a brilliant scientist who had been working in the biotech industry for 5 years. I asked him what his favorite biotech stock was. Amylin (Amln) he said. At the time it was at 10. Today the stock is at 1/2. So much for news from the horse's mouth.

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