ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH Message Board

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Biotech / Medical : ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH

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To: Cookie Monster who wrote (153)	12/9/1998 10:35:00 PM
From: JimBeamII	Read Replies (1) of 1084

Cookie Monster -- the product will be marketed in Europe by "the end of the year" -- this year. It's been tested on humans, successfully. This is a BIG DISTINCTION from GERN, ENMD, etc. Other big distinctions is the float. Bio-tech histories are rather difficult to depend on in most cases because virtually all biotechs are money losers for many years due to the time it takes to get their product out the door. Here, ASTM has a product and is preparing to market it in the near term. If it opens under $10 I'd be surprised. IMO, the correct strategy is to put your stop order to sell $1.50 under the bid about 2 minutes before the open. When it takes off, as I believe it will, keep increasing your stop. If by 9:50 its still running, relax and wait for high teens and 20s. I don't look for it to fall as fast as some of the nets or GERN, simply because of the existing product and the demand it will have by hospitals and other health providers. See Bo Didley's paste in one of his previous posts. Prosperous Trading! jb

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