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To: Kevin Shea who wrote (16221)	12/4/1999 10:05:00 AM
From: OpusX	Read Replies (1) of 57584

Kevin...I agree with you 100% on your views of biotech. without exception since I started actively trading all my losses have been on high-expectation stocks. risk-reward ratio sucks. The price for positivity is already mostly priced into the issue so if news disappoints "fuh get about it" the stock tanks. I write myself notes to never buy these types of plays. Also agreed...huge amount of biotech issues out there...mind-boggling...TA useless as well...99% news driven. That said I enjoy DDing the research these companies do and maybe nibbling on a few shares. Example is CVTX. After big runup last month I waited for the gapup to fill, then purchased and consequently sold near top (profit often) then rebought a few shares at a lower price for IRA account and will just leave in there hoping for the companies future success (Its run back up near its high in the last few days)...I will speak to Prophet about constructing a watch list for biotechs and if he agrees we will keep the thread informed of possible opportunities. Xmas time looks good, if not then I hope to take a week off in January that might be a good time as an alternative. Regards, Robert

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