Biogen Message Board - Msg: 3096208

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Biotech / Medical : Biogen

BIIB 174.06

+0.9%

Dec 12 3:59 PM EST

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To: Fred Fraschetti who wrote (524)	1/5/1998 3:07:00 PM
From: PuddleGlum	Read Replies (1) of 1686

Fred- My target is something north of $50, but I think the important point is that my expected low is about 20x earnings, which should put the low around 35-36 or so. And I've noticed strong support in the 35 1/2 to 36 1/2 range lately, so I think that one can safely enter at current prices. I also added some GILD recently, but I'm really partial to biotechs with earnings so any further biotech purchases will be of companies with black on the bottom line. Energy and semiconductor stocks are still very controversial, but somewhere along the line I think that biotechs have been forgotten. Don't buy stocks that everyone loves, don't buy stocks that everyone hates, but rather buy those that people have forgotten about. (But I have been dabbling in both semis and energy stocks lately, so I don't always follow my own advice.) Steve

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