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Biotech / Medical : CGNE CALGENE

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To: Sunny Span who wrote (35)1/26/1997 10:22:00 AM
From: aknahow   of 76
 
Sunny, Trying to help, not hurt. I own CGNE. Would love to see it go up a lot. The higer the better. Things don't work that way. Institutions don't own it not because its cheap!!!! If it was a stock with a lot of potential and undervalued they would own tons of it. IMO this stock goes no place until Monsanto takes it over 100%. We may be closer now that Mo. has realigned its operations. The buyout price will be similar to the premium paid in the past over market when Mo establised and increased its ownership. If they did it tommorrow they might pay as much as $8. But we do not know when nor even if a takeover will ever come. If it takes 5 years the $8 will be a poor return. Consider other options to CGNE. Consider tax loss selling at the end of 97. Consider not trying to convince others this is a great stock because it really probably isn't.
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