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Pastimes : Home on the range where the buffalo roam

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To: mishedlo who wrote (8227)	12/29/2000 1:07:56 PM
From: Sam Sara	Read Replies (2) of 13572

Some musings on biotech- Look past the hype, I see an overvalued sector. Market is not in the mood to pay for hope. True research/pharmaceutical types know how difficult it is to bring products to market. Insiders with low-cost basis shares have just seen market hammer speculative stocks, with a relative sparing of biotech. We have lots of lock-up shares eligible for sale in Jan., and you get to defer your taxable gains for 11 months. I think we will get some downward pressure on the sector. Went short MLNM and ABGX today. We shall see....

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