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Biotech / Medical : The thread of life

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To: Mike McFarland who wrote (309)	4/7/2002 1:23:19 PM
From: Spekulatius	Read Replies (1) of 1336

I also sold my small RIGL position for a small gain. Nothing really against RIGL but its early stage and high burn and with other more advanced biotechs getting cheaper by the day its relative valuations does look less favorable now. I have been diversifying away from biotechs to buy other cheap stuff - WCOM with a P/E of 10 and nobody wants it -he? Some telecom equipment vendors are trading at or below cash: SCMR, CORV, TELM but have high burn and this sector will need a long time to recover, IMO. I am also looking at generics companies, my LT favorite WPI looks cheap yet again as well as IVX.

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