Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who started this subject	1/7/2001 1:42:14 PM
From: blackmerlin	of 120523

Jenna: "Weekly BioRollerCoaster-Biotechnology stocks rolled into the New Year with the Amex Biotechnology Index sliding down 7.1% on Tuesday 1-02-01. Except for a one day pop on Wednesday when the Federal Reserve lowered key interest rates, biotech stocks continued their careen down for the rest of the week. The BioBizNet Select Index closed the week off 16.50%. The Amex Biotechnology Index (^BTK on Yahoo, BTK.X on SI) ended the week down 15.88% (Table 1, above). In our opinion, over the next couple of weeks, many individual stocks will decline or prosper depending on decisions made regarding FDA clearances for the marketing of drugs and/or news of alliances in the sector." Please see biobiznet.com

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