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Biotech / Medical : Biosource International
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To: Steve Lokness who wrote (356)12/11/1997 2:45:00 AM
From: milton   of 696
 
Steve Lokness:
Anchorage. I also believe there's end of the year selling to take some tax losses as offsets on gains this past year. I am following some European biotechs. One is triby which has had a good thread. Triby is now at the bottom of a cycle. It has a good growth curve adn is selling in more than 65 countries with expanding US market. It recently bought US operations and has pending FDA applications. Check out the thread. As for bioi, I have been adding as it dips below 6. The biotechs have been beaten down and awaiting for return of investors for another runup. My only fear is a jump in interest rates which I feel will provide investors an alternative for their money. Right now investors are forced into the equity markets. Once the rates make a significant move, there will have to be a huge outflow of money which will impact our markets. Otherwise, I believe bioi, triby and many others are great long termers.
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