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Pastimes : son of T/FIF

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To: John Metcalf who wrote (325)12/18/1999 12:44:00 PM
From: scaram(o)uche  Read Replies (2) of 673
 
Sorry, John. I've already gotten three private messages saying "huh? what does your post mean?"

One hour after market open yesterday, NBIX stood at slightly under $20/share...........

iqc.com

That's when I made this post.........

Message 12316729

My point in this post.........

Message 12326804

was that, despite the fact that some stocks which have rallied in a powerful fashion from recent lows are still undervalued by any measure. That is, I was confident that the direction was up, to a degree that I wanted to let others know.

Hope that's a little clearer. Going further, I don't even believe that the NBIX rally results from momentum play. I think it's simply an issue that fund managers and individual investors have finally realized what Miljenko knew all along.... big bargain.

Tying all of the loose ends together.... biotech, with the exception of '95 and a few other rallies, has been beaten on since 1993. There are many other NBIX-like stocks out there that have not been discovered. The question is..... the bubble that you noted.... when it pops, will it do so before the under-respected issues get a chance to catch up? A second question..... if so, will the under-respected take an irrational blow along with the "bubbled"?
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