How can you tell if management is honest? What are the things you look for?
Thanks. Jolly Rancher
On Nov 29 03:00 PM nova wrote:
> Biotech investing is quite simple: > - A company must have a not very corrupt and so-so quality management > > - Clinical trials data in Ph II and, even better, in Ph III must > be solid > - Buy these stocks and wait (do not trade) > > So far, I have succeeded with ABGX, MLNM, IMCL, Biochem Pharma, Gild. > The first four were takenover, and the last did very well. But it > took 3-7 years. > > There is very few over-night successes in general. Oncology and HIV > are the good areas.
Biotech: The Next Big Bubble? [View article]
How can you tell if management is honest? What are the things you look for?
Thanks.
Jolly Rancher
On Nov 29 03:00 PM nova wrote:
> Biotech investing is quite simple:
> - A company must have a not very corrupt and so-so quality management
>
> - Clinical trials data in Ph II and, even better, in Ph III must
> be solid
> - Buy these stocks and wait (do not trade)
>
> So far, I have succeeded with ABGX, MLNM, IMCL, Biochem Pharma, Gild.
> The first four were takenover, and the last did very well. But it
> took 3-7 years.
>
> There is very few over-night successes in general. Oncology and HIV
> are the good areas.