RespireRx Pharmaceuticals Inc (RSPI)

[gfp927z]

Aiming, Looking more closely, it looks like Duragesic went generic earlier this year, so I guess the $2 Bil projections will have to be downsized a bit..

I'm finding that having smaller positions spread across a basket of stocks is the only way I can "stay the course". Looking at the many variables involved in picking bio stocks (the esoteric science, the risks of clinical failure, one's own lack of knowledge, faulty judgement, bad timing, etc), I figure I better spread the money around. Today for example, my Gilead position was up 7.5%, which helped counterbalance 3 other stocks which were each down 2.5%. This sector is so volatile that a diversified approach is the only way I can remain invested. The other factor is that I keep finding more good companies to buy.

That said, I'm still tempted to go nuts and try for the big score - betting it all on one big winner. The only stock I know well enough to place a huge bet on is Cortex, and the time may soon be approaching to do just that. I lost a lot in the 2000-2002 bear market, and a big score would really help (I bet big in early 2003 in the Rydex Velocity Fund (2 x Nasdaq) and did very well, but I'm still way in the hole). Anyway, I'm very confident in the upcoming CX-717 results, so it's tempting to bet the whole bundle and either get rich or end up a dumpster dude. But with my luck however, CX-717 will suddenly show massive toxicity, and it'll be the dumpster for me.