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Biotech / Medical : ARIAD Pharmaceuticals -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (591)	7/22/1999 7:08:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 4474

As ugly as it gets. We know they will burn up the rest of their cash this year-- Ariad is a cash burning machine--26M loss last year for instance. Being in the stock is essentially a game of chicken...and that is what makes it such a bargain for the very risk tolerant nutcase like myself. I like finding stocks where the mood is low--the toxic, the Gilman departure, all time low for the stock--you cant beat that for shaking out all the weak hands. Now all Ariad has to do is ANYTHING. Imagine they secure a couple of big ARGENT deals, or maybe a couple of hot papers surface, or maybe the August shareholder letter (assuming they do one this year) has some goodies in it. It's all up to them! As for me, heh, what do I have to lose? Well, I could lose what I've made this year trading...no big deal-- I'll just try again next year bottomfishing with something else. I have a mental stop loss on my account...Ariad would have to take quite a hit to shake me out. The last monkey in the tree;-)