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Biotech / Medical : Biotech Valuation
CRSP 52.95-4.2%2:30 PM EST
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To: scaram(o)uche who wrote (3269)4/1/2001 2:23:58 PM
From: Michael Young  Read Replies (2) of 52153
 
I just find the attacks against bearish articles tiresome. Especially when Greenberg tends to have some of the smartest sources around.

And don't forget that in 1999 Herb Greenberg predicted biotech would be the "next big thing."

I get a little irritated when investors throw money at unworthy hype companies (CLPA prime example) when companies with legitimate prospects sometimes go begging.

Biotech is in a better position than ever because most of the companies were able to raise so much money last year. I suspect that enough will become big winners, even if the majority fade to oblivion eventually.

MIKE
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