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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: chirodoc who wrote (2489)9/18/1997 3:03:00 AM
From: Andrew H   of 9719
 
Your guess is as good as mine as to how long it will last. I try to avoid grandiose predictions (like 2 years) since it is a setup to look like a fool, and I need no help in that regard. As my friendly misquoters will be happy to verify.

>>don't you think that the increase in approved drugs will rise exponentially for next couple years?<<

Absolutely and without question. But there has been a strong seasonal factor in bios, which one ignores at his own peril. We are just coming out of a bear market for the bios, but when they rally they rally so hard and fast that I can't imagine it continuing for 2 years.

Of course it could last for a long time. But at the rate bios move when they move, we will get some good corrections along the way.
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