Perhaps I can provide some insight into the biotech stock move, since I have enjoyed some of it with GZMO, which I recommended ON THIS THREAD in early 1999 under $3, as a value stock!
In my opinion, biotech is getting a bunch of the Internet speculator's money as the company characteristics are similar -- no earnings to confuse anyone, exciting stories with HUGE future potential, that WILL be realized by SOME of the companies, enough actual business success stories for reference, recurring Wall Street financing interest, and, very important, it is difficult to know which ones will succeed and which ones won't, even if you are a scientist in the field. |
