Replies to post #18154 on Ariad Pharmaceuticals Inc fka ARIA

[JJM760]

All in all, then, with a fair value in the $14.50 to $18 range and a current price of $15.75, Ariad is a stock that I'll continue to watch, but have no pressing need to buy today'.

Can't say I disagree with that assessment. I have pounded the table with both hands all the way up to the $7-8 range. I have a hard time recommending buying Ariad at the current 2.5 bil MC.

My basis is somewhere in the low $4's. There is a big difference between me not wanting to sell now and committing new cash now. Besides liking the chances for the two big hitters (534 and 113), I think a buyout offer is a reasonable possibility. Especially if 113 starts to show potential.

This is and always has been a roll of the dice. Anyone telling you anything else doesn't really understand this type of investment.

[iandy]