Zeev's Turnips Patch-No Politics (ZEEV)

[James T Kirk]

Do you follow CRGN? It looks interesting. On short term basis it seems to be drawing a line with tight bollinger bands. Maybe it will move soon. I didn't really buy it as a short term play but will take profits if it were to shoot up.

I've looked at it as a long term buy and hold. Book value is about $6.47 with the stock trading at 3.75, they have a market cap of only about $200 million but have about $400 million in cash.

They don't seem to be working on too many products though. It looks like a company that took big advantage of the bubble and raised a ton of money and now they need to figure out what to do with it.

I look at Biogen getting a market cap of $6 billion and only one product. I sort of think of Curagen going up 30 times if they produced a successful product in 5 or 10 years like biogen. It's a crap shoot but bought some anyway. May just dump for a quick profit and keep a few shares for a 5 year hold and see what comes of it. Just wondering if you had any thoughts?