Biotech Values

[DewDiligence]

biotplaya re ILE:

>woops..Praveen..I see that ILE is a DEW pan...it just dawned on me when you mentioned that DEW is going to come out shooting re this one...hey, maybe something is up with ILE and his opinion has changed..lol..we shall soon see..i've seen DEW change his views from good to bad (ie GENR, DNDN)..will his take on ILE go from bad to good?<

Changing my opinion from bearish to bullish is much less common than changing from bullish to bearish. The reason: most companies that are scams or quasi-scams remain scams or quasi-scams.

Of course, I could be wrong about ILE, but what I’ve seen to date places ILE squarely in the quasi-scam realm and dangerously close to a characterization of a full-fledged scam (such as HEB).

You can make money trading these kinds of stocks, but you run the continual risk of being left holding the bag when the bad stuff hits the fan. We saw that with ILE on 8/1/05 when the stock fell 37% in one day, and I think there will be other days like that one ahead. Caveat emptor!