Biotech Stock Picking - 2003 Message Board

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Biotech / Medical : Biotech Stock Picking - 2003

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To: tom pope who wrote (279)	6/27/2003 9:45:08 AM
From: nigel bates	of 383

I'm sure that someone once said something about consistency being the hobgoblin of little minds, but nonetheless... There something apparently REAL going on here...and the likelihood this is indeed real is compelling... Stocks fluctuate between perceived valuation extremes and we all have learned from the late 90s that personal claims about relative valuations, regardless of supposedly foundational stats like 'cash on hand', PE, p/s, book value, etc., are 95% a function of subjective factors rather than anything approaching objective standards...

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