SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.10+2.5%Nov 24 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robert Rose who wrote (80326)10/12/1999 4:57:00 PM
From: Tom D  Read Replies (1) of 164684
 
Beware Biotech. It is certainly an out-of-favor sector.

I invested heavily in Biotech before I did Internet stocks, (recall that I have a medical and biotech consulting background) and I sustained breath-taking losses. In retrospect, I wish I had just thrown my money into the garbage can. It would have been much easier emotionally, than the drip drip water torture of mounting biotech losses.

It appears that biotech device companies may be the only exception, since their regulatory approval is so much briefer.

A contrarian would argue that you can buy promising companies like MCDE at venture capital prices. I also cannot take NFLD off my watch list--it is too promising. But the thing about MCDE and NFLD is that they are screaming buys, just like they were 12 months ago, and 24 months ago...and their stock prices don't budge.

I think B2B eCommerce will outperform Biotech in 2000.

I am happy that I had two very green stocks on my screen today: my B2B software stocks, EPNY and CLIC. Their gains easily made up for my other holdings (VRTS, VERT, and SFE).

I am currently 70% cash. I am probably going to put 10% of my portfolio into TIFQX and another 10% into the Ryan Jacobs Internet fund when it launches later this month. And I am also going to put half of the portfolio with a professional money manager at Smith Barney, so I am 50% internets, and 50% diversified conventional investing.

Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News