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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Vector1 who wrote (5190)	6/22/1998 6:03:00 PM
From: Rocketman	Read Replies (1) of 9719

From Motley Fool News: Genzyme Corp. (Nasdaq:GENZ - news) dropped $1 3/16 to $23 13/16 after Furman Selz downgraded the biotechnology and healthcare products company to "hold" from "buy". GEEZ, the PE is a whopping 24, what a steal. What a mess this market is in. How long do you figure the biotech bear to continue playing havoc??? We should have cleaned out the margin debt entirely, if not raised some cash when our asset level was at $130K and you saw the bear coming. Seems like we do better trading than investing long. Especially since there are no tax consequences. Man is the ENMD board on Yahoo offensive. I want this stock to tank just to put it to the idiots there, let alone make $ on the short. What would you think about only covering half the shorted ENMD tomorrow? I really think this is still a balloon, and I seriously doubt they have much new news to give at the meeting. I don't think these hypesters could withhold news long enough to save it for the meeting. Rman

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