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Biotech / Medical : Depotech(depo) -- Ignore unavailable to you. Want to Upgrade?


To: chirodoc who wrote (361)12/9/1997 8:24:00 PM
From: Cymeed  Read Replies (2) | Respond to of 887
 
Dave and Doc, I believe your two are right in that Institutional investors will be the key. My previous kidding about Tom was purely joke. I probably should say sorry to Tom, who introduced me to Depo and answered many of my tough questions. Thanks for all of your valuable help, Tom, and I do apologize if my joke made you feel uncomfortable.

The DepoCyt approval will not be very hot, IMO. The reason is that, the craziness went away one year ago when the stock hit almost $30 upon that news. A lot of institutional holders probably got burnt and cold on this one. I bet they are taking a more cautious step toward the full FDA approval this time. In other words, those burnt instituational investors may not take a major holding until they see some true results, I mean either full FDA approval or revenue/earning growth. Longer term, this baby got a good chance, though. JMHO.