Hi Dave - me too <G>. But seriously, we know the biotech is weak b/c of the tremendous gain in the last 2 months and people are locking in profits. Also, we know Friday is not likely a good day for the weak sector. So, I can say these are the two short term negatives.
However, biotech is real. It takes a lot of time and efforts, therefore, there was a letdown in the late 80s. Time has changed. Biotech has a lot more tools and techniques unheard of even a few years ago, like biochips! So, I would like to think this is a quantum leap. Just think of the technical force of a decade of basing!
As far as CEGE is concerned, I think she is like a baby got thrown out with the bath water! Also, one should blame those folks who risk their capital a year ago and decide to cash in their 10 baggers or even 20 baggers. I am late, but not too late. Stockwise, she may be rich relative to a year ago. Storywise, she has not yet begun the 2nd chapter!
best, Bosco |
