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Biotech / Medical : 2000-Year of the Biotechs!
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To: chirodoc who wrote (344)2/20/2000 10:11:00 AM
From: Arthur Radley  Read Replies (3) of 1142
 
Curtis,
I agree that internet stocks have been on a "roll" and IMO over-extended for a long time. I must confess that the past two months have been fantastic for me in the biotech arena. However, I constantly think of a saying by dearly beloved Mother always told me when I got a little cocky and over confident..."You never fly so high that you don't have to alight sometime."
I've seen my retirement funds invested in one company go from $100 a share to the .50 cents that I finally got when the company was purchased at a "fire-sale". On top of this I had to sign over all my company stock options as a condition of the sale....and that is why today I say over and over....."DIVERSIFICATION..DIVERSIFICATION" and in my opinion that means having some CASH.
Now with that said...watch the market explode to the upside over the next few months. But at least I will sleep well.
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