BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V} Message Board

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

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To: BRAVEHEART who wrote (359)	6/7/2000 6:23:00 PM
From: tuck	Read Replies (2) of 423

OK, Gang, Looks like we're due for at least a bit of a correction, as major indices again whack resistance and stall out. So time for a hedge/short reco. An article in the Telecom Analyst (free registration) notes the MFNX is winning contracts for its fiber networks, but their value doesn't come close to justifying the P/S ratio. I have to agree. That will resolve by the price coming down. Meanwhile, the markets look wobbly after a rally, and MFNX looks technically overbought, too. Today opened put bear spreads, but that's just me. I saw my first wild bear at Yosemite recently, by the way. It was one of the two times I thought about the market. Sorry, no bulls, pigs, or sheep spotted this trip. thetelecommanalyst.com clearstation.com n.com%2Fcgi-bin%2Fbbs%253Fpost_id%253D1323433%2526 Cheers, Tuck

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