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To: Appleby who wrote (227)	11/11/1997 12:31:00 AM
From: Dale Baker	Respond to of 118717

Never apologize for throwing out what could be a good idea. I'm sure there are lots of lurkers who will go and check it out based on your presentation. My aim with this thread was to create a forum for everyone to toss around ideas, not just me. WRLS sounds very interesting. I'll look at it today and get back to you. Looking over a lot of charts, quite frankly I think most of my new trades between now and January 1 will be shorts. It's hard to see going long in the current market. Maybe I'm just ticked that QNTM is getting pounded when they have not said word one about missing their estimates. Herds are dangerous then they are looking to run you over. Good luck today.

To: Appleby who wrote (227)	11/11/1997 7:43:00 AM
From: Skeeter Bug	Respond to of 118717

ed, biotechs are great. here is what i do to be successful: 1. don't buy into hype. 2. diversify, diversify, diversify - both time and company. 3. know and like the story. 4. make sure some other big and knowledgeable players are betting on their success, too. i really like lgnd, genzl, gztc and cege. medx may be a good pick also. maybe buy the whole basket in 1/3 increments - invest more as prices deteriorate. don't go over 3/3s, though. good luck...

To: Appleby who wrote (227)	11/12/1997 6:59:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Ed, in a better market I might say WRLS is worth a chance since they have plenty of cash and a worthwhile product, plus promising marketing relationships. Short term, however, they are receding with everything else. I'm not enthused about going long on anything until I sense a turn in the market mood. Tax-loss selling between now and December 31 will only add downward pressure. I would keep WRLS on a watch list unless you are willing to ride it down a bit and wait for a good upward move. Profitability seems to be several quarters away. Good luck.