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Biotech / Medical : Biotech - Technical Analysis

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To: IRWIN JAMES FRANKEL who wrote (22)2/5/2001 12:15:36 PM
From: Robert Rose  Read Replies (1) of 544
 
Paula, let us know if this post is inappropriate. It seems that many of us agree that ta is just one part of the puzzle.... I find it hard to find threads that put all pieces of the puzzle into proper context for individual stocks. Hence this post.....

ij, the problem I have with abgx as a buy now is that it is still EXTRAORDINARILY expensive by any historical measure. A p/s of 120 on a stock with serious (if declining) losses on revenues that are now only doubling??

I have not noticed that kind of p/s since the bubble days of 3/00.....

In this market environment, investing in a stock still so relatively overpriced is a recipe for underperformance at best and financial suicide at worst.

jmo, Rob

ps. I happen to love the company, its products/services, and its prospects.
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