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


To: BulbaMan who wrote (292)12/30/1999 1:24:00 AM
From: RWReeves  Read Replies (2) | Respond to of 743
 
XENO... Not one I'm familiar with. Will take a look. Been so busy turning to the Dark Side (daytrading) have not kept the fires at the BTFLTAB burning. Will be back next year with more value plays.

Thanks for the thanks. I've labored in the fields of Biotech start-ups for so long, its almost as much fun to find something odd and undervalued in the public markets and build a position only to see the market grab it and run. Almost like an IPO <g>. My favorite plays are to find companies selling for less cash than they have in the bank and at least a shot at making something in the pipline work. Eventually everyone goes "DUHHHHHHH!" and the rest is predictable. These are getting hard to find.

I'd suggest cutting back on CYAN if you haven't already... Market seems to have cured it's fascination with herp remedies and CYAN while it WAS undervalued, is not real well supported by financials. If I was them, I'd pop a secondary as fast as I could say "cold sore". LGNDW seems richly priced unless you think "takeover". Will take a while for LGND to start making bucks; possible weak spots ahead. Already up 150%. I've taken profits today in IMMU and NERX; you may want to hold long or not, depending on your targets. I ain't greedy, IMMU is already up 300% in my own portfolio. I know a few other companies with diagnostic mABs thinking "Theraoeutic" and learning from some famous mistakes. Some are LTAB material.

CTIC is running again; its not a LTAB but used to be. Now at 5 and change up 20% today possible momentum play. Caution advised.

I'm looking closer at CORX. Hasn't moved much but some promising science. Still cheap. May not get sold off in the January profit taking orgy expected. Was that ATLC that popped today? Has antisense shrugged off the ISIP hit?

Have a new toy doing DD on & will discuss if it looks decent. Two actually.

One day left and only need to make $800 for my IRA in 1999 to make my target. Can he do it?

RWR