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

To: Juster who wrote (606)	8/3/1999 10:45:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 4474

Oh, I tend to just throw caution to the wind... Either the right things will happen and folks will be scrambling to buy this and others will be covering short positions...or maybe the company will start redeeming those BS shares, don't know where the money will come from, but 25M is just too low a price for Ariad's science and licenses. Am I overly dazzled, not being a molecular biologist and all, well sure. But that's not interesting. The best biofreaks here on SI are being whipsawed in SEPR, go figure, it's all pretty stupid. Post EPO in Science we had $4, then it was halved quickly...and I started buying again... Then it was halved again...and tested a buck. I really don't think the powers that be are going to let it spend any significant time below a buck...too much potential later on. And if the game is to keep it moving and churning, why shake everybody out? Seems like it would be smarter to keep it in a trading range from $1 to $4 for the next year or so. I've no idea how this is all going to end. I hope Berger goes back to Amgen and takes 100M, but who can say? If he does not, maybe that means they've got some great stuff coming, in which case we would be pissed he sold out. You don't get many chances to make a large bet on something that you like at the right price. I've whined and whined here and on Yahoo, but truth be told, it was all just to shake things up and get people to come out of hiding with what they know, which turns out not to have been very useful, but it was worth trying. It's pretty obvious I doubled down just above a buck last week, I'm sure the handful of folks who lurk here figured that out. And sure, by doubling down, I disregarded everything a "good trader" is supposed to do. But screw it, even if I take a big hit...I'll probably come out close to even for the year. Like I said before, I'll just start over again next year.