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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: kha vu who wrote (3837)	1/30/1999 5:44:00 AM
From: * Thumper *	Read Replies (2) \| Respond to of 11130

Has anyone been made aware of this scam yet??? News was out Wednesday, Jan 27th, but I only read about this last night. Hope no one here has any shares in any of the listed stocks in the article. I was caught in the MIDL scam last fall. It's no fun losing your money & having no chance of recovery!! msnbc.com Many thanks to Wayne, lance, et al for all the great posts & a great thread.

To: kha vu who wrote (3837)	1/30/1999 8:38:00 AM
From: Wayne Rumball	Read Replies (2) \| Respond to of 11130

"long term" What's it mean?

To: kha vu who wrote (3837)	1/30/1999 3:20:00 PM
From: E. M. Edds	Read Replies (1) \| Respond to of 11130

Most people, I'm afraid, are not truly aware of what the PR meant. With drugs, and I'm not sure with devices, after the drug gets FDA Investigational Drug Application approved, the proceed to Phase I testing of 20-100 patients, lasting several months, of which 70% are successfully tested. Then Phase II begins, which includes several hundred patients, lasts several months to 2 years, of which 33% are successfully tested. Then Phase II begins, of several hundred to several thousand patients, lasting 1-4 years, of which 25-30 percent are successfully tested. On average, 20 of 100 drugs granted investigational drug application approval will be approved for marketing. This is straight from an FDA chart. Go to www.fda.gov to check for devices.