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Biotech / Medical : Incyte (INCY)
INCY 102.67+2.5%Feb 2 3:59 PM EST

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To: Cytokine1 who wrote (485)10/5/1997 5:11:00 PM
From: chirodoc   of 3202
 
<<<<<>>APPEARS overvalued<<..........cdoc, it's funny how quality stocks often seem way overvalued

i say this especially with stocks like incy and affx that are not close to making a pile of cash, but have great hope, great products, and great management. i do feel insecure without my p/e, and p/s ratios........

i also say this in the context of a sector that has been slaughtered......as you know many of these great companies have a promising pipeline and are selling below what you might expect for an IPO.

there are other stocks that look cheaper in this sector than incy because they have not generated the high amperage thrills of the recent group that has gone skyward.

yet, i am not selling any incy or affx or biox etc. just because they have had a good run. i still think that our beloved sector (as a sector) is way undervalued relative to the big pharmas.

i just wish i had more money to invest........it's like a fire sale at your favorite store and you forgot your wallet...........
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