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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: chirodoc who wrote (2485)	9/18/1997 2:58:00 AM
From: Rocketman	of 9719

Yow!!! BIOX has a straight line up since May or so, nice pick!!! Check out NASI if you want to see what I grieve about! Bought 5000 in Feb or so for $1.81, and sold 4000 next day for $2 5/8 and the last 1000 during the summer around $4 something. It is now trading at $15, no make that $16 5/8 - ouch!!!! Sure seems like a real rally to me. And just in time for the tax man for me. But, who knows how long the rally goes. It is about time for it though, as the sector seems massively undervalued relative to the rest of the market, and has been pretty damn well ignored for quite a long time. My big question is whether Greenspan and his band of thieves will raise the interest rates when they meet on Sept. 30th??? Nobody seems to expect that he will, which makes me worry that he will just to screw with everyone and make them remember that he's still out there ready to reduce the net worth of the nation by 20% because he thinks everyone is getting too rich. I mean, there are now signs of significant inflation, what better time to head off inflation than when it doesn't exist? rman

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