Forum Archive Index - May 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Marilyn,
> 
> Pierpont in the Australian Financial Review takes an amusing look at
> Biotech co's and comes to the same conclusion as Snoopy.
> 
> Go to;
> 
>  http://afr.com/commentopinion/2003/05/02/FFXH41TM5FD.html
> 


That is actually very funny.   I particularly liked this bit:

"So we have taken the initiative and are floating off Blue Sky Biotech. 
We had the two major foundations in place for a company: a strategic 
direction and a good name. The third, and much the minor, need was 
for a product of some sort."

"This is easier than you might think. First, find a university which has a 
more or less respected name.  Second, scout around the fringes of its 
science division until you find some washed-up academic who has 
been bypassed by his peers and is eager for (a) revenge and (b) 
money.   Given the fratricidal wars that are fought inside universities 
and the number of bitter, impoverished academics who have been left  
wounded on the sidelines, this is no great difficulty."


However, all joking aside I am still interested if there really is any 
investor out there who has nade money out of Biotech over a 
sustained period.    If such a person exists, and given the wooliness of 
the fundamentals, I suspect some kind of disciplined T/A strategy 
might do it.    I am simply curious.

SNOOPY


--
Message sent by Snoopy 
on Pegasus Mail version 4.02
----------------------------------
"You can tell me I'm wrong twice, 
but that still only makes me wrong once."


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/