RHEO & Cramer: "the greatest medical stock you've never heard"
(.... I know this must be "old hat" to followers of the AMD area, which I am definitely clueless about, but suddenly this RHEO disaster rang a bell.........this has probably been posted before here, but if anyone on this board had any doubts about Cramer, this recent unequivocal pump should dispel those doubts....ps, if I'm really last to know about Cramer's call, and it has been fully exposed here, then Moderators please delete as you will.....)
Cramer's 'Mad Money'
By TheStreet.com Staff
1/12/2006 7:19 PM EST
The Eyes Have It
It's time to buy the greatest medical stock you've never heard, Jim Cramer told his "Mad Money" TV show viewers Thursday, and that stock is OccuLogix (RHEO:Nasdaq - commentary - research - Cramer's Take).
People aren't just paying for vanity as they age, they'd also like to be able to see, Cramer said. But those who suffer from age-related macular degeneration are losing their eyesight.
There are treatments on the market for wet macular degeneration, but there's really nothing out there for dry macular degeneration, which usually comes first.
But OccuLogix has a blood filtration procedure to treat dry macular degeneration, and Cramer said that this could mean mad money.
Cramer said there were no vitamin plays that could offer the kind of returns OccuLogix may someday unleash, but he added that the stock was speculative. So Cramer emphasized that it would be important to use limit orders.
"....on the biotech battle-field, you need some élan...."