January Effect Investing 1999 Message Board

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Strategies & Market Trends : January Effect Investing 1999

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To: Dale Baker who wrote (5)	12/31/1998 6:53:00 AM
From: Q.	Read Replies (1) of 38

Dale, ERGO is indeed interesting. I read the filings and the news. Just as you said, it is selling for a fraction of cash. They are debt free, too. The news they got is the worst they could imagine. There's little reason for the co. to exist now, after their only drug was not approved. Yet they do have that cash, which is at least 3 years of burn. Usually I only invest in good companies, and never in penny stocks, but in this case the cash takes a lot of the worry out of the situation, and it seems like a reasonable play on the January effect. The RS is about as low as possible going into January, the stock price and market cap too, yet there's no way they can go out of business. So I bought a few shares for under a dollar. If it goes up only 1/4, it will quite a good return for the January effect.

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