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Biotech / Medical : 2000-Year of the Biotechs!

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To: Mike McFarland who wrote (187)2/6/2000 2:34:00 PM
From: Arthur Radley  Read Replies (2) of 1142
 
Mike,
Being a father, my thoughts and best wishes will be with you and your wife as you approach this eventful arrival in your lives. I hope that all of the medical problems have been overcome ....modern medicine is wonderful.

This "ride" in the biotech arena has been wonderful. However, we must all be careful that the "bubble" will burst....all tooooo soon. It becomes very scary when I look and see that stocks that I follow have jumped over 50% in a matter of weeks. All isn't rosey in the market these days and I don't think it is just the internets that are subject to the perils of a downdraft. I have a fairly sizeable amount of money tucked away in the Fidelity Contrafund and YTD it is showing a loss.

I added to my positions in NABI and ALLP this past week. With those purchases I think I will sit on the sidelines for a while. At least going long anymore stocks. With that said and forgetting for a moment that this thread is about biotechs, I will take a short position tomorrow in RMBS. A subtle little clue I picked up this weekend indicates that things aren't on the upbeat with RMBS.

Anyone interested in why I feel this way about RMBS can send me a PM and I will respond with details, but will keep the thread clean of any diversions.

A big day coming for me on Wednesday as it relates to BONZ. Earnings will be released and I'm hoping that they will be above projections and the old buy on rumor and sell on news doesn't come true.
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