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Biotech / Medical : T/FIF Portfolio

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To: scaram(o)uche who wrote (968)	6/17/1999 11:42:00 PM
From: John Metcalf	Read Replies (1) of 1073

Pardon this assertion of fact: Since last Labor Day, the AMEX Biotech index has roughly doubled. Emster could have followed the herd into glory. Instead, he screwed around, lost money, encouraged the incorrigible, and punished the innocent. HOWEVER: Going forward, $BTK is less likely to double again before the second and third biotechs do so. To stick with the first tier now is to posit a near future in which Amgen overtakes LLY or ABT; IMNX overtakes SGP. Someday.... Maybe. To have an 80% return in Total/Filth (is that right?) and still be holding appreciated future ten-baggers is the best of all possible worlds! Wow! P.S.: Sometimes I bluff my way into good restaurants with no money-:) And some day, I'll own them.

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