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Biotech / Medical : T/FIF Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Walter Morton who wrote (937)	6/5/1999 12:12:00 AM
From: Mike McFarland	Read Replies (2) \| Respond to of 1073

So why do you like CIST? Does it not seem a little odd that they are advertising like that? I kinda prefer when they're suspiciously quiet-- as if a the best deals and real developments are going on behind closed doors. And I should think that the network of folks who actually work at these biotech companies would be the primary means by which such a message that they want to sell out would be communicated. Please disagree with me, a quick glance at it, and it's cheap, but I don't know a thing about what they do. Sell me on it. So, more about putting up a sign versus staying quiet: I have got the impression as I've sorted through some of the lists of directors for these biotechs that a lot of these people are in bed together anyway: Take my CytoTherapeutics for instance--as far as I can tell Mark Levin (Millenium) sits on the board still, as well as Irving Weissman (Stanford). Now why are these guys messing around with a nanocap, well I hope it is because there is some exciting work going on, and I feel confidant that mere shareholders like myself are not privy to it. So I load up mainly just for the Astra trial, and everything else is for free. Unfortunately, everything else is pretty much hidden from my view--for instance, I have no idea whether or not the pancreatic stem cell program is science fiction, ready to dispense a breakthrough, or ready to be sold off to Geron. I suppose that is why it is exciting, so much like gambling. You and I don't know which horse is going to win--and I suppose even if you were golfing buddies with some of these guys, you still would not know. Anyway, I'm getting off topic: What I suggest is that you sort through the last hundred posts on the CIST thread, find the goodies, and put together a post for this thread and sell us on it. With any luck the biotech gurus wont declare it a roach motel on any of the popular threads, and you can then go and sell it again on the a few of the daytrading threads, then extricate yourself from half your shares when it spikes and chase down another:-) Just kidding--don't be like me!