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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V}

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To: BRAVEHEART who wrote (305)3/15/2000 1:49:00 PM
From: tuck  Read Replies (1) of 423
 
Jeffrey,

Putting CYGN on my reco list. I think we're not likely to see 15s much longer. It's in the low 16s now. Check it out. This has more explosive potential than STAA and could be my best short term pick right now, the BMET window having mostly closed.

However, there is some more upside. We're seeing a role reversal for the first time in weeks today. The old economy is kicking butt on tech. NAZ new lows outnumber new highs for the first time in ages, while the reverse is true on the Big Board. BMET is riding that wave as well as what must have been a very positive CC (given the lackluster #s). WM is spiking also and I'm getting ready to buy back my sold puts there, as I did with BMET this morning. DSCM being held down by MMs. Some biggish blocks are going through. Betcha it pops back up at the end of the day.

I think Internet daytraders that crossed over into biotech gravely misinterpreted both what Bill & Tony were saying, and how it would impact the industry even if their interpretation is correct. Some babies have been thrown out with the genomics bathwater, and we could see some nice entry points. Maybe NBIX? Neuro plays look interesting again, while CROs are probably in the doghouse for a while unless their Internet initiatives attract speculative attention. Also watching for bottoms in unfairly whacked drug discovery companies (which is tough, because some were unfairly pumped up).

Cheers, Tuck
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