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Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST

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To: Boyce Burge who wrote (493)9/24/1997 12:49:00 PM
From: Christine Prokop   of 1728
 
BB & JF -

Thanks for the 'burn rate' explanation. I now feel I have another tool, some basis of comparison for biotechs with no earnings.

AFFX at $80 a share -- I like that !!

BTW, I've heard biotechs rally end of year & sell off feb/mar. AFFX is too new but INCY does show this pattern. See 5yr chart w/ sell-offs in feb 95, 96, & 97: quote.yahoo.com

Any thoughts on this? Are there fundamental seasonal factors to watch ?
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