2000-Year of the Biotechs! Message Board

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Biotech / Medical : 2000-Year of the Biotechs!

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To: Arthur Radley who wrote (220)	2/7/2000 10:02:00 PM
From: Michael Young	Read Replies (3) of 1142

<<Humm! CELG has a 52 week low of $11...IDPH has a low of $19...UTHR has a low of $11 and HGSI has a low of $14. Were these "good" stocks at these price levels?>> Exactly!!! The biotech bull market came! Fund managers did their research and picked the best and brightest to send to the "moon." Kinda like being on the "A" list. Now some people are trying to push up the dregs, because they "haven't moved much yet." But there is a reason for that. It's because they are of lower quantity and have very limited "stamina." A lot of these biotechs are going to do great things and make some investors wealthy over the next few years. The market is telling us which stocks those are. We just have to listen. I'm not saying chase these high fliers. There will be some scary corrections to come in the group. But the winners will bounce back strong. The trash won't. I enjoy the debate. Currently long some CELG and UTHR . . . MIKE

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