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Biotech / Medical : Biotech for less than a buck.

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To: Bald Man from Mars who wrote (478)	3/14/2000 4:48:00 PM
From: Mike McFarland	Read Replies (1) of 743

I think if the whole sector is being sold off indescriminately, so maybe the bounce will be for everybody too. I would just like to see a few of my companies do press releases to reward those not shaken out, and sorta punish those who have given up. I do think GENXY was unfairly punished today, more of a pharmacogenomics company than a sequencing play like CRA--maybe it will recover in Paris, but not sure you had to get your shares today--I was buying midday in the 40-45 range, should have waited for near the close! Each day I think the correction is over, and the next day I'm down another ten percent. I swapped Elan for Tgen today, sort of raided ELN like it was cash--seems to me with the Redherring article, the smart money in at $15 with that offering, and the knee jerk reaction to Blair/Clinton, we are due for a sharp move up in Targeted Genetics--but a press release might be needed to drive it. I don't know, I think you have to really have to know the companies you own in this shitty market. But maybe it is all over too, who can say.

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