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Biotech / Medical : Biosource International

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To: Juster who wrote (285)10/22/1997 12:53:00 PM
From: Douglas V. Fant   of 696
 
Juster,

It's easier to focus carefully on just a few stocks. And you've hit the abslute key (IMHO) in making money in the stock market, Buy stocks with growth rates higher than their P/E's and with low price/sales or price/book ratios.

Conversely short stocks that have high prices and do not fit the above criteria. Come on over to Joe Dancy's "Lonestar Growth Investor Newsletter", and read the various articles he has posted on such types of investing.

A good example of theabove system right now is FAST. It's grossly overvalued on the above parameters. In the last two weeks I have shorted 400 shares of FAST every time it hits $53/share. Every time it falls back to around $50/share I buy it back. Small gains in short-term trading but they add up....

BIOI on the other hand I hold long term since it fits all of tha above parameters and do not trade, but will add shares on pullbacks to my position....

Sincerely,

Doug F.
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