I'll take the rabbit for a dollar Dave.
Interestingly enough, an order of mine
the other day was filled at a buck,
and never showed up in the data, odd.
It was a foolish order, I could have
saved myself a few hundred bucks if I'd
just done the thing in a few smaller
blocks, but I'm not going to lose any
sleep over it.
With my account now full of things like
Cambridge NeuroScience (delisted to the bb)
Neurobiological Tech. (same thing awhile back)
and now CTI...well, either I'm going to look
pretty silly a year from now, or I'll look like
the bravest, luckiest biotech groupie here on SI.
Either way, nobody will be able to accuse me of
not putting my money where my mouth is.
Actually, I've been waiting for a rumored
potential news item which came to my attention
awhile back. I did not give it much credence at
the time, but after watching the price of this
critter drop from 1 1/2...and having made it
through that fall pretty much unscathed, I figured
no time like the present to take the plunge and
hope the idea has some truth to it.
The folks who were in this stock while it accumulated
100M of losses are the ones that really paid the dues
here...a person could have bought this for nearly
$20/share a few years ago, just because the cash is
running out this year doesn't change the fact that
there is some intellectual capital tied up in the
company--forget book value--you can probably throw
down a buck a share each for their stem cell expertise
and another buck for the implant IP...don't know how
much the losses are worth to a pharma--I know--kind of
a newbie question, but some of the losses surely can be
used for tax purposes, yes?. Let's just say another
buck a share for now. So that's three of my fantasy
bio bucks --plus a little cash, nearly four bucks a share
right? Well, of course I have no freaking idea if I'm
even on the map, but fun to try. Heck, all stocks are
a gamble, some are just more intriguing and have a better
payoff if you happen to guess right. |
