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Biotech / Medical : Micrologix biotech -- Ignore unavailable to you. Want to Upgrade?


To: Larry G. who wrote (468)3/26/1999 9:08:00 PM
From: checkmate  Respond to of 792
 
To all

I have been watching this company for many years. I bought Mar18-22.97 $4.28 sold oct2297 to oct 29.97 average at $4.65...36,000 shares total. I have waited and waited for any reason other then a good concept to buy in again so far none.
My feelings (ps I am in the pharmaceutical loop)
-----
If something was to develop it would have by now

If MBI has a product that would be a winner another RX co. would have joined forces by now

Lots of promise--no delivery

The world of drug resistant antibiotics is at the top of many of our worries, so much so that a candidate that would provide a new approach would be the princess at a ball of uglies.

MBI has been investigated by many RX houses and NONE has bought in

The price keeps drifting.. I read on this thread about support at $4.00 $3.00....$2.00 etc. The support is .01 cent.

If mbi doesn't snag a major house soon the game is over.

Gentlemen and Ladies--there are far better games and I believe an investment in MBI is money in the trash.

I hate to say that because as I have said before the CONCEPT is
DYNAMITE...the execution is flacid.

Just my comments