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Biotech / Medical : Neurocrine Biosciences (NBIX)
NBIX 135.75+0.1%Jan 9 9:30 AM EST

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To: scaram(o)uche who wrote (420)1/6/2000 12:22:00 PM
From: Torben Noerup Nielsen  Read Replies (1) of 1834
 
Richard,

Thanks for the perspective. Don't get me wrong, I'm not really complaining. I'm accumulating this one in fairly decent sized chunks and I'll probably keep doing so. I looked through their pipeline and I like it.

I like the insomnia program. I've used Ambien for years and I know the effects of it. If they have one that is as effective but without the side effects of Ambien, it'll do *well*. Ambien is an excellent drug, but it tends to stay in your system for part of the following day and it also has some severe rebound problems that become even more pronounced even with long term occasional use.

Fortunately for me, I really don't own any of the stocks that appreciated massively in 1999. Although I know more than most about the Internet, I never bought a single share of an Internet company. I suppose I could have made lots of money on it, but I just can't get myself to buy stock that needs to be discounted to Y3K before it the fundamentals make sense.

As an aside, I saw the Amazon.Com story and I'm really amazed at the idiocy involved. They had a good chance at becoming an *excellent* book seller and that could be done with very limited inventories. But then they had to go and mess with toys, music and electronics. In all cases, they went up against so many others in the market. The margins aren't that great and you do need to carry inventory. And now they're having to write a lot of that down.

Thanks again for the perspective.

Regards, Torben
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