Is it time to buy Stem Cells ?

With Obama favoring stem cell research is now the time to get in or wait till he takes office. At $2.19 per share (11-10-08) it seems like a bargain. Opinions please

Best Answer

spider348 answered a question in General Market.
474 points

spider348 answered one year ago …

Personally I think biotech (is one of those industries that will perform well in the next few years. Assuming your talking about symbol - STEM - looks a bit risky (gappy), with the possibility of 50%+ drawdowns while you wait it out. Although signs are pointing north because it just cleared over a year of pricing on the chart on huge volume which could mean a breakaway. One thing to note every time it spikes up it gets drilled, so play cautiously. Maybe light shares and average up on pullbacks.

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