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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: I. Luttichuys who wrote (362)2/13/1997 4:08:00 PM
From: James Perry   of 1762
 
Bennett, I smile :-)...I was not accusing you of falling in love with Idph, but the truth is that when you have researched your facts, have them all down cold, and they convey to your sense of logic only good news, you are in love. And certainly, cold logic applied to thorough research should keep one safe. But the unexpected is never impossible, and sometimes the unexpected is also unresearched. So the discipline which I force upon myself is to never put more into any given investment than I can afford to lose. I diversify, but not as much as I should: I hold a fair number of stocks, but could spread them among more sectors. When a sector is going wild, one must be there and that is greater risk than I like. I prefer, and am usually found in the out of favor sectors. They resist market drops, and they are due to rise.
Beyond all that, both IDPH and MABXA are in areas where mankind has great needs. Demand is there. They are close to market. And they have more than one product. Not that everything is coming at once. They may not move as quickly as someone may want, for whatever reason. I, too, think they should quickly have price moves, but the market has ways of fooling us all. But the bottom line is that regardless of how soon or how much, these stocks are destined to do well. Be patient. They will come. How soon is relatively immaterial.
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