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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (6143)12/5/1999 1:44:00 PM
From: Mike McFarland  Read Replies (1) of 15132
 
1999 Internets, 1992 Biotechs...

As a general rule I personally have
stayed away from anything internet
related--hard to know what might cause
a near term trigger to collapse the
internet stocks, but it is a mania,
so don't want any part of it.

But those surviving biotechs...especially the
smallest issues that I've been trading--
what sort of damage do you think might
be done to them if the whole market melted
down next year? I've filtered through the
lists and the nine biotechs I own pass the
scientific sniff test, and several of mine
should post the sort of PR in the next six
months that induces the sharp spike I love
to play--but that wont do me any good if general
market conditions take everything down by half.

I'm two thirds cash, always have been, but
a lot of that is untouchable--I wont be adding
to positions or averaging in, I am in. I know
you're a bear and I've no interest in seeing my
grubstake evaporate, so your thoughts on my sector--
these scrappy biotech survivors, is appreciated.
Your position on Geron and Murphy certainly rings true.
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