Biotech Valuation Message Board

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Biotech / Medical : Biotech Valuation

CRSP 51.11

-2.1%

Nov 13 3:59 PM EST

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To: enervestor who wrote (824)	3/15/2000 3:19:00 PM
From: Mike McFarland	Read Replies (1) of 52153

<to retain anything remotely close to the valuations they are now being accorded> Yeah, pretty easy to post that sort of message now with biotech taking it in the shorts, were you saying that a couple weeks ago, when, for example, many genomics-oriented companies were trading 50% higher than where they are now? I got a kick out of this: A fund manager was quoted in the SeattleTimes this morning as saying he was in there selling biotech yesterday, during the rout. Now why wasn't that goofball selling a week ago? It is a good thing that the value DOW stocks are moving up today, when biotech runs up again in a week or two that will mean there is more money out there to pile in. I'll put my 100% biotech portfolio against anybody with a 100% not-biotech portfolio for the next six months. Anybody up for the challenge? Anyone? Buehler?

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