STEM -- StemCells, Inc. Message Board

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Biotech / Medical : STEM -- StemCells, Inc.

STEM 15.60

-6.3%

Jan 30 3:59 PM EST

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To: David Sirk who wrote (132)	12/22/1998 3:51:00 PM
From: Mike McFarland	Read Replies (2) of 805

Hope we do well, I really took a bath on cnsi today...well not really too bad, it was just that I started buying too soon (yesterday oops!). Luckily, I found two stocks in my account and I could not remember why I bought them. I immediately raised ten grand and bought the last batch of cnsi...just now...and grabbed a few thousand more of ctii. I've been watching ctii...make sure you own shares for the long haul, and be willing to lose your invesment...as with any small biotech. I've got ten of these, and I'm expecting a third will eventually go to zero ...a few will hopefully rocket...well you get the idea. Anyway, also hold a batch of shares for selling into any feeding frenzies--you'll see ctii in the newspaper someday. Finally, I wouldn't let the book value of biotech stocks influence you too much...it is not a bad idea to start with a list of the ones which trade near book, but it is pretty easy to throw off half of them from your list after a little DD when you realize how much cash they burn up. All of this "IMHO", I reserve the right to say someday that I've always been full of crap...and anything I've made playing stocks was only luck. --Mike

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