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Biotech / Medical : Biotech Valuation
CRSP 53.47+0.3%Nov 28 9:30 AM EST
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To: Mike McFarland who wrote (807)3/15/2000 12:33:00 AM
From: jeffbas   of 52153
 
Mike, I agree that there "tend to be stocks which are
incorrectly valued by the market". I am sure that from today's closing there will be some that go up 10 times in 5 years and others that drop 90%. The problem is that there is no way even a sophisticated investor can tell which is which, without intimate knowledge of the industry.
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