Forum Archive Index - September 2000

[Derek <dkw@paradise.net.nz>]

Hi Nick,

I tend to view biotech companies a bit like oil companies, if they strike
oil - i.e. their vaccine gets to the market & is very effective then
they're going to make lots of money and the share price will go up, on the
other hand if they don't then they've spent lots of money on a project
getting nowhere and the price will fall. Therefore they are a very
speculative investment. 

Genesis does seem to have more than one iron if the fire however and seem
to have other sources of ongoing income, its a pity though that the Dairy
Board didn't choose them to sequence the cow's genome (as I thought they
were going to) that's because there is a company overseas that can do it
far more efficiently than Genesis.

Derek



At 05:33 PM 24/09/00 +0100, you wrote:
>        Have to confess that like  most others i have no clue as to what
>would be a good entry price for  genesis. All i know is that the biotech
>setor is running  hot, question is has this already been built into the
>price of  genesis?         It shot  up to over 8 dollars but fell to 6.40
>on a bad day for    Given this general market  weakness can we assume that
>genesis will be at a lower price than if it had  listed a month or two ago?
>          Hard to know  whether to take a punt on this unknown or too use
>spare cash on any one of a number of  bargains currently available.        
>       Having just recieved a very tasty dividend from restaurant brands im
>very tempted to wait and buy more of them when  they drop below 1.00,  
>genesis seems very hard to understand, which  is probably why there has
>been so little comment on it.       I will ponder it  further, while eating
>my mexican chilli pizza washed down with copious quantities of  V          
>nick 




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