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Biotech / Medical : Biotech Valuation

CRSP 55.11

-2.6%

Nov 7 9:30 AM EST

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To: Biomaven who wrote (373)	9/7/1999 6:44:00 PM
From: LLCF	Read Replies (1) of 52153

< I've been eyeing AFFX for ever so long without ever taking the plunge. > You know Peter, I don't think it's anywhere near too late to add to your INCY position... [I bought more recently although not up here] I don't see any clarity in the two business plans to account for the differential in stock performance... only time will tell, and the AFFX story may indeed be more compelling, but I don't see it at this time. When you look at the HGSI performance it's clear to me that wall street simply goes with it's latest thinking... which right now is that INCY deals in commodities... we all know how wrong wall street can be, look at HGSI soaring announcements about potential reveues so far out it makes INCY's future royalties look right around the corner. These prices may very well be quite a joke one day. DAK

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