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Biotech / Medical : CRIS, Curis (formerly CBMI)
CRIS 1.330+17.7%Nov 14 9:30 AM EST

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To: Mr. Aloha who wrote (280)2/20/2000 12:35:00 PM
From: Paul A  Read Replies (1) of 668
 
gee.. imagin- an overvalued sector :)

letsee- the buzzwords now- Bubble.. sorta like that internet bubble.. I think the first time I heard the word bubble was when I was listening to an analyst bash EBAY because it was up 5 points on the day.. He said fair value was 5, and would be trading there by next quarter.. Glad I listened to that guru :)

anyway- just being a pain in the butt here thats all.. I made alot of money going long the biotechs last week, but am waiting for a pullback.. The beauty here is that so many people are shorting these stocks that it makes its a pretty good calculated bet that this insanity is far from over..

I think biotechs will make minor pullbacks, but the upswings will be a far better place to be..

I agree with an earlier poster who said that shorting this sector is just foolish.. So many other safer shorts, why bother looking for the week that the bubble bursts here?

anyway- good luck to all on either side.. lets bring this rally to a halt so I can try and play the squeezes..

...now- if we see 30 by next wednesday I may short a tiny tiny bit intraday, but..
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