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commoncentsinvestor

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commoncentsinvestor

Re: ztockings post# 1032

Wednesday, 08/21/2013 10:18:19 AM

Wednesday, August 21, 2013 10:18:19 AM

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" I think I read from Van's other post that he does not usually look at biotechs"

Maybe not, but I know that both he & I were in Genetic Technology" (GENE) early on. I think he found it under $1 and I was more of a late comer at around $3. The sp leaped to $12 before a secondary, some uncertainty regarding court cases dealing with patentability of DNA, and some inner management battles ended up taking the bloom off the Rose. I ended up getting completely out at $4.20. Not sure when Van go out. Price today is about $2.25.

I don't consider it a bad pick, just one that didn't meet expectations because of a bunch of side issues.

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