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Biotech / Medical : Texas Biotech (TXB) -- Ignore unavailable to you. Want to Upgrade?

To: JuniorMint who wrote (517)	1/7/1998 7:15:00 PM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 834

Good point . And I am afraid I'm the wrong person to ask. I have felt more comfortable with TXB though BECAUSE it has had a more stable price of late - most of my biotechs have not. I'm just not sure there is a good reason for the price to advance at this time - and esp not in this mkt.

To: JuniorMint who wrote (517)	1/7/1998 9:11:00 PM
From: E. Graphs	Respond to of 834

Starbright, I'm not sure that I know any more than you do, but this industry looks ready to roll and TXB is part of it. 207.95.154.130 JMHO, E Graphs

To: JuniorMint who wrote (517)	1/8/1998 10:46:00 AM
From: Bill Tomko	Respond to of 834

Here is my 2 cents worth. Bio techs are VERY VERY different. BT are first and formost event driven, will the product pass clinicals? Will FDA approve? What will the rate of adoptions be? Passing of clinicals is basically unforcastable,i.e. if you could perdict you would not have to run a study. Investing based upon Pre Phase III results is basicaly an educated guess at best.NO ONE KNOWS ANYTHING. ONLY INFORMED GUESSES. Based upon Phase III results one can begin to provide tradtional fundemental ananlysis. I beleieve BT are best valued based upon a combination of tradtional fundemental analysy and strenght of the overall product development pipeline and how near term this potenail is ASSUMING everything works out. BY defination you will not have competion to worry about with BT in the same manner you have in the Tech.