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Biotech / Medical : Biotime-Nasdaq's best kept secret?
BTIM 0.00010000.0%Nov 5 1:26 PM EST

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To: mesaone who wrote (1300)4/1/1999 6:18:00 PM
From: Ron Kline  Read Replies (1) of 1432
 
Pretty disappointing action in BTIM after the news. You could have sold in at $19 months ago and not had the risk to find out if it would get approved. That said I agree that selling on the news although a pretty good move if done on the open, does not seem like a really good selling point. The stock really did not reflect the news and actually closed down yesterday. I think that the bigger money is waiting for the $20 barrier to break and close before they start throwing the elephant in the bathwater. We also need to get rid of the weak hands that bought too high in the past and have lost confidence in the stock. Over time it will change as the product is launched and people realize how much will be made considering their size. They are run like a mini-yahoo in that they have so few employees (low costs) and yet they have a product which is so cheap to make, no side effects (no lawsuits) and is much better than what is out there. I think the market is very big but I will be interested to see how much market they can get. Even a small amount can really boost earnings so I'm not that concerned. Having a big marketing partner will also very much help getting the ball rolling, and much easier acceptance from hospitals and doctors.
Ron
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