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Biotech / Medical : Orchid BioSciences, Inc ORCH

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To: Oak Tree who wrote (4)	5/16/2000 12:39:00 AM
From: Mike McFarland	Read Replies (1) of 94

I just have the sampler, after getting burned rushing into Sangamo on IPO day, I'll be a lot more patient to start buying much of this sort of thing again. But I do expect to add shares slowly over the next few years as their business unfolds before us--if it looks like the plan is working. ___________________________ Sector Ramblins... I suspect we are going to see another surge in biotech shares this year, another brief flood of IPOs and then a few years of quiet. Obviously you would like to do most of shopping after a long slump in the sector--sure wish I'd had more cash to work with six months ago! On the other hand, we may see biotech become the next darling--I suppose there is a chance for a sustained bull market in biotech, consumers of investment magazines, have got to be bored out of their minds with Inet stories. I think you will see a lot more written about biotech, more biotech funds, and better support for the sector by Wall Street. March/April was a good reminder that it isn't a one way street to wealth playing the sector, shook out the margin players, limited the amount of product coming to market. Was probably a good thing. Question now is when the next move up begins for biotech. Maybe with another interest rate raise behind us biotchs can lead the Nasdaq back to 5k...or maybe just 4000, another month and everybody will be headed to the beach right, yeah 4k would be fine (we could even do that just this next week). eom

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