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Biotech / Medical : wla(warner lambert)

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To: babette spatz who wrote (870)8/7/1999 9:11:00 AM
From: James Baker  Read Replies (1) of 942
 
Don't take it personally.
Look at all the Big Pharms stocks Merck, Pfizer, WLA all are way down.
Why: earnings were OK but nothing great or big upside surprises.
Sector rotation - the old line cyclical industrial have been down in the dumps for yrs as the Pharms soared.
Great CNNFn article 8/6 about the Pharma. Put them away and check back in a year. You will bw happy.
Jim
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