Fool on the Hill: The Reason to Avoid Biotech
Message 15620916
To which Doc wrote in message 3355
The many pronouncements on biotech by The Motley Fool have fully earned them advancement to the rank of Village Idiot.
Yippie! I move up a notch <g>. As former village idiot, I often burst into laugther at the drop of a hat...but especially I crack up whenever I read these bold pronouncements about why or why not own biotechnology (or genomics, or proteomics or whatever).
I have been through a period of losing money in biotech stocks these past month, as genomics especially was devalued. But whether I'm in my favorite genome.com stock, or in cash, I have to say that these stocks do belong in the market, and in many folks portfolio--and they belong more than anything else does. (the article cited dna, hgsi, cra).
The single most important issue for Humanity is our survival as a species. The manmade wonders of the world count for something...we went to the moon...the art, literature, and history of the past ten thousand years speak pretty loud that we were here and counted for something in the event that Humanity is snuffed out within a hundred, or a thousand years. That might be enough--but I'd rather live forever...and it might be worth it if humans were on the planet another ten thousand years. Biotechnology is going to be a huge part of the second half of our existence.
Each time I am bedridden with a rotton cold and bronchitis (or pneumonia--I don't know yet) I am grateful that biotechnology is a significant fraction of this economy. And I am proud to own a few biotech companies. The value of my portfolio may not depend as much as it once did on the fortunes of biotech...but my health probably does. I wont bow down to big pharma, but will adknowledge that half of biotech is inside of the megapharmas, and I know that most of the cures out there came from pharma. But my guess is that most of the new cures come from the younger biotechnology companies--MLNM, HGSI etc--and hopefully some of the companies in which I have a little stake.
Someday Humankind will be up against some sort of disaster that threatens the species--a pandemic will take out tens of millions in weeks. Hundreds of millions will fall in just a few years. My guess is that Biotechnologists will find the cure in human DNA.
I'd work on the essay with a few more drafts and try and get it readable, and then send a copy to Motley Fool--but I haven't the energy. Gotta pop some pills and get some rest! But always fun late at night to mark down whatever is going through my head here on the thread of life.
The Madness portfolio only has about $14k left to spend, ant that will go to Nigel's proteomics company. But I'd love to go back in time 48hours (before the market had a big rally) and then I'd include hgsi, cra, and mlnm call options or leaps, if they are traded. Who knows, maybe if the market makes a good solid bottom, I'll fund my options account and look around for such a thing. A few weeks ago I mentioned MLNM $30 call options, and that stock went down to around $20. Who wouldn't like to have some $20 2005 MLNM leaps! |
