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Biotech / Medical : Biotech for less than a buck. -- Ignore unavailable to you. Want to Upgrade?

To: RWReeves who wrote (100)	10/10/1999 10:15:00 AM
From: Mike McFarland	Respond to of 743

I am certain that the best way to save a panicked, drowning swimmer, is to punch him hard, knocking him out-- then drag back to shore. So, I'll not offer ARIAW up for consideration <g>, but I am starting to lose my breath. It's funny, but lately I've been checking a few quotes of long lost non-biotech stocks that I used to follow. For instance, I'd given Corel up for dead a long time ago--sold around $2 a year or two ago I think, now around $6. Another one, General Magic I rode from below $2 to above $4--then watched it soar...but now back to $2. It's interesting to see how these things bounce around on hopes and dreams. But more importantly, I've come to realize that sponsorship is essential. So...getting back to XOMA, just using the Yahoo research link, I see only two brokers covering XOMA, and yet this one is a fairly substantially valued company, over 100M in marketcap. Take my Ariad now, only one brokerage house, and a mere 15M marketcap. It might be interesting to track increasing/ decreasing sponsorship and marketcap for some of these stocks--might even be worth a thread. --GZTC five brokers, IMNX--16. Naturally the big ones are widely followed, but that's not my point: Looking at the coverage stats for just the small companies could be interesting. Imagine if XOMA lost half of it's coverage, or Ariad doubled... Okay, take your best shot--squarely on the jaw maybe. But who would have thought that Corel would have tripled in the last year...bottom line, things change--and as bitter as I am about having misjudged the power of the floorless convertible, who can say with any confidence where any of these "small wonders" are going to be in five years. Maybe a lot depends on signing up those brokers.