A crash for the markets - a crash for biotechs ? Message Board

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Biotech / Medical : A crash for the markets - a crash for biotechs ?

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To: aknahow who wrote (31)	12/13/1996 8:36:00 PM
From: Mark Nelson	of 74

George, Back in post #24 you ended with: "The sky's the limit". I'm surprised that you would suggest that there is any limit whatsoever. Guys, the biotechs (IMO) have not participated in the post-July run-up because they got hit so hard that people realized that being early on biotechs just doesn't pay. Why buy and hold something for a year only to find it return to the price you bought it at? Any sell off will affect the biotechs as well for that reason. They will be available at a cheaper price at a later date if they haven't got revenues and a mature pipeline. Let's just hope that the "rotation theory" is in our near future. Later, Mark

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