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Biotech / Medical : TITAN PHARMACEUTICAL (TTP) -- Ignore unavailable to you. Want to Upgrade?

To: DanWebzster who wrote (252)6/27/2003 11:43:06 PM
From: Findit  Respond to of 362
 
Dan TTP had a nice run and is now just giving back some as many biotechs have recently. I was in for a few months at 1.50 and got out around a buck higher. Like you, I felt safe with their cash position. I think bio's will fall some more with the market. Not sure when, but I will be looking to re-enter TTP again with a biotech market moves up. This assumes no real news.

Jim



To: DanWebzster who wrote (252)6/28/2003 3:11:54 AM
From: Icebrg  Read Replies (1) | Respond to of 362
 
>>Does anyone have thoughts about why this is trading below cash? >>

They have no short-term product opportunities and over the longer term their prospects look very poor.

Many fear that the most probable scenario is that the company will just continue to burn its cash until there is nothing left.

Erik


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