Jim Re..<<<<<So, Mike...any ideas on the next "once in a lifetime stock"? <<<<<<<<<
Jim, if were looking for the next big stock, I think we should at what will likely be the next big technological wave; and I believe biotechnology will make far more advances than computers and chips ever thought off. And I am not just talking about medicines, but I think techs real payoff will come in altering plants to resist diseases and pests, so we can eliminate most pesticides. Yeasts that will become a clean and powerful fuel for the fuel cells of the future; microbes which will desalinate salt water so we can drink the pacific ocean dry. My bet is that 5 yrs from now, a big percentage of lifetime stocks will come from biotech.
For now, back in Jan, VPHM announced trials on a cold medicine which could conciderably shorten the common colds. In May VPHM announced failure in trials and dropped from 90 to 10 currently. But a new derivative or changing doses might work. The point is that medicines which help every one world wide on a common problem , (colds, flu, diabeties.) will be big, but the company that develops the fat pill, will take you from rags to riches quickly. Hell, I would probably pay a million myself. |
