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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: PDavid who wrote (2748)	12/3/1998 12:13:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 3702

Phil, there is heaps of money available to continue trials. Whether existing shareholders like how many shares they have to sell to get this money is another question. I remember TCLN SI had this discussion about a year ago with me saying there was heaps of money available. So there was - at a price. Meanwhile, just keeping Cytel in mind, since somebody nominated it to watch for reverse split effects, the share price nearly reached $4 today, which is ABOVE the pre-reverse-split 50 cents adjusting for the 7:1. This is of course a non-causal relationship and cancer investors should be especially aware of the need to differentiate between causation and correlation. Cytel is also a single statistic, which is not that great for establishing correlation. But of course if the price had dropped, the anti-reverse split people would call it a proof of the disaster that befalls reverse split companies. So, what do the anti-reverse split people make of this weird Cytel outcome that the stock has not dropped as predicted? I suppose they'll use the non-causation argument despite them previously using the correlation argument as proof of the disaster theorem. The trading volume has been very low too, so few sales have been setting the price. The anti-reverse split people can't really ignore this single statistic though, because they claimed a causal relationship. This falsifies their theory. Ref. Karl Popper and the theory of falsification or some such. Or as Einstein more or less said, "It will take only a single fact to destroy my theory". If reverse splits CAUSE price collapse, then Cytel disproves the theory. Maurice

To: PDavid who wrote (2748)	12/3/1998 9:13:00 AM
From: shero	Read Replies (1) \| Respond to of 3702

I really can't answer your questionsw except to say if you don't want to "be on the edge" you shouldn't invest in a underfunded biotech stock. When you bought TCLN you bought a ticket for the "EDGE". Nice name for a ride, huh? I'll tell you frankly, though, I'm kinda getting tired of this, too. Its like skiing--when I was younger I pushed it every day, double black diamond runs from sun-up till sundown. Now I just cruise the blues. I want to live to spend all the money I haven't yet made. To you guys on Yahoo!! No one has asked for advise but in addition to entering an order "all or none" you can also specify "fill or kill". that will eliminate the waiting. But really, with a $.03 spread I suggest one just pay up. If its a good investment at 31/32 you'll be OK if you pay $1. And for heavens sake, don't trade w/Datek, they have a reputation among the trading community as scum. Try National Discount Brokers, owned by Sherwood Securities