ASA12627when it comes to your question, 'Does anyone think it...

ASA12627

when it comes to your question, 'Does anyone think it has potential for long term investment?', the emphasis should be put on the word, long. Bio stocks are notoriously long term. As such, you may want to consider the trading aspect as opposed to the investment strategy.

But this then comes back to what type of stock market player are you: short, long term, or mixture etc? This needs to be established before you spend anything.

The problem with investing long term in bio spec stocks besides the extended period between substantial price movements, is like exploratory resource companies, their outcomes are mostly binary events. You either have a great hit, or you don't. That would seem risky odds, especially if you've waited a year or two for the event to occur.

My preference is to find those that are more developed, that is, achieving good phase 2 results. But any bio can be lucrative, but when achieved early in their program, price spikes are generally short lived.