Dahmane: Every so often I get a short term move right.
Since I am on a roll, I am feeling the market is about to
do a serious correction. Last time this happenned, in July "96,
the broad averages went down about 8-10%, but the
biotechs went down 30% or more. If the market corrects
15-25%, where do you imagine the biotechs will fall ????
Anyway, my 3 baby's AGPH, IDEC, VICL, are expected to
provide some significant trial results in the next 3 months that
could move their prices up significantly. The problem is that this
market may go through a down draft during this period, pulling
everything with it. Even the best stories can't hold up in this evnironment.
I am starting to become defensive, moving to protect my portfolio value, basically selling.
Sorry I have become so pessimistic, not much fun, and not very
exciting, but I sense the environment is changing and I don't want
to be infront of the train...
Bill |
