[EMAIL PROTECTED] (William J. Foristal) writes:
On Tue, 5 May 1998 15:23:47 EDT DocCec <[EMAIL PROTECTED]> writes:
>DocCec <[EMAIL PROTECTED]> writes:
>
>
>In a message dated 98-05-05 15:19:09 EDT, you write:
>
><< I bet Entremed backs off quite a bit in the stock price department
>the
> next several days. I think I'd be taking my profit out right now if
>I
> had been smart enough to invest before the announcement. Of course,
>I
> had never heard of them before the announcement and it's tough to
>invest
> in a company I've never heard of. :)
>
> Bill >>
>
>You're probably right in that prediction, though I don't see it
>backing down
>to the $12 mark. BTW, your last sentence is an excellent argument for
>mutual
>funds! Knowing about companies is what fund managers get paid for.
>(Now I've
>got to go look at the last prospectuses (prospectusi?) for mine to see
>what I
>really do own.)
>Doc
Hi Doc,
Yeah, mutual funds are a must for the truly diversified portfolio, IMO.
I invest in a balanced fund to protect against big downturns in the Dow.
With something like Entremed you have to be very lucky or have inside
information. If I had my choice I would choose lucky because it's legal.
:)
I was lucky with a stock in a company called Amylin Pharmaceuticals.
They are doing research in drugs to treat diabetes. I bought in at 9 a
share and sold at 15 1/2. Ten months after I sold they had some bad
results in a clinical trial and their big money investor (Johnson and
Johnson) pulled out. The stock fell to 2 1/8. It has come back to
around 5 now.
That's the big risk in holding Entremed. Lots of things can go wrong
before a NDA is acquired and they can market the drug. A short term
profit like what could have been made on Entremed can be invested
elsewhere with a lot more probability of growth. All the while following
Entremed to time when it's smart to get back in. But market timing is
like going to Vegas.
Bill
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