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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Peter Church who wrote (4444)6/6/1998 11:44:00 AM
From: Gary L. Kepler   of 6136
 
Biotech funds. Check out Fidelity Select Healthcare (FSPHX)and Vanguard Specialty Health (VGHCX). Both have done well for me over the last 10 years or so. Invesco Strategic Health has not.

The mutual fund route has been a whole lot more comfortable particularly in a tax sheltered environment because of the risk of tax gains resulting from redemptions in a major retrenchment - a la '87.

In a non-tax sheltered environment, direct ownership of shares is best because you can time your redemptions and therefore your tax obligations. I bought my AGPH years ago at what I believe was a split adjusted 5 or 6. I have no intention of selling for many years when maybe it will be 200+.

Good Luck
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