Biotech Valuation Message Board

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Biotech / Medical : Biotech Valuation

CRSP 55.84

+1.8%

Dec 19 9:30 AM EST

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To: Biomaven who wrote (14862)	12/22/2004 12:15:10 AM
From: Raymond Duray	Read Replies (1) of 52153

Peter, LOL, I enjoyed that one.... Precisely. I call it the "lesser fool" theory of investing. <g> "Investing" is certainly not what anyone below the rank of VP-Sales of a biotech or Anal-cyst of a Wall Street pump'n dump shop would call Biotechnology if they had the least bit of a clue. I rather admired that piece that was posted a couple of days ago about successful calls(sic) in 2004 biotech "investing". The overwhelming evidence is that shorting the entire industry is the absolute best strategy for the 'outsider'. Of course, since CEOs can print 'stock' like it is a currency, it's best for them to keep the masses drooling for "the next great stock(TM)".

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