Indeed. Another loaded laggard IMO is Advanced Polymer Systems APOS @ $2, plenty of Cash, Head of ELAN Pharmaceuticals recently signed on, Milestones, New focus, New Partnerships with more Majors this year likely. News today. Annual Report shortly. Look up Goddard and Neurex and you'll get the picture. Money will find its way to this one. Too quiet to trade it at this point-- But APOSTOOCHEAP.
"Subj: BIOTECH ADVICE TO YOU AND ME
Date: 03/10/98 08:29 pm EST
Don't Buy Biotechs on the news--Sell at least some of your position then. If you believe the science is important,and the Targeted Market enormous and the stock is washed out and Total Market Cap very low, yet company with at least 2 years of cash in the till and more and more clinical trials being started and major corporate partners validating the progress with their money---then be happy to buy the stock away from other discouraged shareholders and be patient. Buy back an even larger position once things have quieted down again. Real LONG and Happy about it."
This guy is so short it cracks me up. In response to Ed's comment about a wayward analyst prediction. In 1986 there were no real analysts covering this stock with any kind of substantial coverage. Here is the current skinny:
3/25/98 UBS LTD TIMOTHY WILSON - BUY
2/27/98 LEHMAN BROS ANTHONY BUTLER - OUTPERFORM/BUY
2/27/98 NATIONSBANK SCOTT R SACANE - BUY
2/27/98 GENESIS MERCHANT GROUP CHRIS E TIHANSK - BUY
Post good information on this board, quit talking your position. (OOooops, I guess i am also.) GO XOMA!
See you at $16- Ed your are a LOSER!
This has to be the worst investment I've ever made. I bought 5000 shares @ 131/2 in October 1996, and have yet to see a gain
above that price. This was based on an inside tip and the same type of research it looks like you are doing now. I too was led to
believe that they have an outstanding research team and it had a high target/rating by an unnamed brokerage house in 1996. It looks
like you've bought into the same fools gold that I did in 1996. My advice to you..sell now before you wind up selling short
Good Luck (you'll need it)
Do you work for onyx pharmaceuticals? You seem to be coming out with alot of info on the co. (more than the average buyer would have) Why do you try to bash anyone that has negative comments? Did you buy some large blocks and haven't seen the short gains that you would've hoped to? How do you predict 2x $$ in one month? What happens if ASCO doesn't pan out like you expect? I've never seen anyone as hyped about a stock as you are on this. Anymore predictions Merlin? ;-).
Lehman report is dated February 28, 1998. Please see message 47 by ONXXTOOCHEAP for a summary of the report. The links expired and ONXXTOOCHEAP was kind to copy part of Lehman's report for us.
Here are my top 12 reasons to buy Onxx.
1. Aprox. $5 in cash per share.
2. You are paying $3-4 for 3 years of research
3. Outstanding researchers
4. Lehman's target of $25. They know something.
5. Perfect timing. Asco (American Society of Clinical Oncology) meetings coming up.
6. Technical indicators screaming: buy, buy, buy
7. New on Phase II due during ASCO
8. Institutional buying. look under news anout the index fund. Also look at the volume lately.
9. The stock is dirt cheap. Risk is $6 to 6 1/4
10. New web site in 2-3 weeks. More PR :-)
11. Corporate partners include: Bayer, WLA, and Chiron
12. Agreat chance of making 2x your money in one month.
Good luck to everyone. I have high hopes....