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Technology Stocks : JDS Uniphase (JDSU)
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To: larry who wrote (18337)2/13/2001 9:03:34 AM
From: cyberman  Read Replies (1) of 24042
 
Thank you very much for the information and your perspective. I have a couple of contacts on the street who deal biotech in exclusively and coincidentally, for the first time in a long time, they are all telling me to short. They tell me that the valuations are way out of line on a lot of these stocks and that any dissapointment/product failure/trial design screw-up/etc. will cause some meltdowns. So far this year, I have already seen Merrill downgrade the whole sector and Lehman downgrade the genomics -

I won't touch CRA because of the press momentum, but personally I think that a lot of the genomic stocks are priced with a lot of hype

Disclaimer - This is all just my take on things - Trade as you wish and good luck to all
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