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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Biomaven who wrote (7916)	5/3/2000 11:07:00 AM
From: SnowShredder	Read Replies (2) of 9719

Hi Peter, Interestingly, looking back to the biotech/drug peak on March 7, this appears to have lead the Nasdaq/Dow peak by about a week. So maybe the biotechs in the present environment are in fact some sort of leading indicator. In early March, the biotech sector had the momo, then Clinton/Blair, said their infamous genome speech and crashed the sector...with the generals (momo stocks) diving...the rest of the market followed (Later, Clinton said he didn't mean to crash the market for a couple of days...what about a couple months? >GG<). From what I've seen, the 1st to recover after a decline/crash are the stocks that had the juice before the dive...since that was the biotech... I agree with using the BTK as a leading indicator, in this environment.BWDIK? Best of Luck, Where'd He Go?

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