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Biotech / Medical : Biotech Valuation

CRSP 52.40

-1.5%

Dec 31 3:59 PM EST

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To: limit who wrote (3726)	5/10/2001 10:16:39 AM
From: Biomaven	Read Replies (1) of 52153

limit, <<TKTX>> This one is really hard to analyze. I've owned very small amounts for shortish periods and currently own a little. I wish they would focus more on areas where they won't run into an immediate legal challenge. They've run up nicely over the last month - I don't know if there's good news lurking or if they were just way oversold after their various disappointments. In general, biotechs overreact to both bad and good news. If the underlying technology is good (as I think it is in the case of TKTX) you can do worse than buying the disasters. Peter

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