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Biotech / Medical : Cortex (Cor) [formerly CORX] -- Ignore unavailable to you. Want to Upgrade?


To: John Lacelle who wrote (714)12/1/1998 11:36:00 AM
From: Cage Rattler  Read Replies (1) | Respond to of 1255
 
John:

I doubt this battered stock has a significant chance to recover. I plan a tax write-off and would not recommend CORX be purchased at this time. Good lord, and we are at all-time market highs -- what do you think will happen to CORX in a real bear market?

Forget the "great drug, patents, and alleged results," that was attractive 6 months ago, not today. At this juncture buying CORX would be like investing in powerball tickets; sure there is a shot but the odds are very, very poor. There is something seriously wrong with/at CORX; management has been aware of what is going down, and they have been less than forthright with the stockholders.

There has been a 90% loss of value on very high volume and that is not random nor day trading; what else needs to be said? Money into ENMD on a dip, for example, is a far better risk:reward purchase.

If CORX rises above 1-dollar before the meeting I might revise my dismal prognosis -- but that seems unlikely.

Ciao, Ted