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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Mike McFarland who wrote (6880)7/17/1999 6:25:00 PM
From: Pseudo Biologist  Read Replies (3) of 9719
 
Sector revival: hype or reality, top or "breakout"?

Exhibit 1: Mainstream "S&P Outlook" of Summer 1999 lists biotech among its 8 or so "industries with superior potential." BGEN, sure, but also LIPO, BCHE, and ENZN recommended for "agressive investors" together with darlings like AOL, AMAT, KLAC, QCOM and Tommy Hilfiger.

Exhibit 2: scams are now beginning to use biotech stories, not just internet. Here is a gem:

biz.yahoo.com

Exhibit 3: a few weeks back the head of the superhot Palm Pilot division of 3Com quits to lead Chemdex, a picks-and-shovels kind of biotechnology play.

Exhibit 4 (corollary of 3): Biotech IPO about doubles out of the gate:

finance.yahoo.com

Trying not to be complacent ... but not willing to leave too much on the table,

PB
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