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Biotech / Medical : A crash for the markets - a crash for biotechs ?
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To: trevor john wilkinson who wrote ()12/6/1996 8:38:00 PM
From: Bill Fortune III   of 74
 
As Tim Dickson said a 20% down turn might be good. I also feel that
a correction of some kind is in order, but not 20% all at one time.
When Greenspan or others in high positions make such broad sweeping
statements about the stock they should be very specific about what
they mean when they make these statements.

People panic all to easily about most any news. If you sell just
because other are selling, that is what will cause a crash.
Technical corrections in the stock market are necessary to keep it
healthy and vibrant and right now that is what is needed. As we all
should know, our speculation investments should be made with
moneys that we can live without. There will always be over priced
stocks and some real bargains; and most will be somewhere in
between. Buy what you believe in and have researched and
most of the time it all works out. Buying just to make money on
some stock is what causes most problems for the average investor.
Smart investors are always in a cash position to jump into the
market and take advantage of down times. They also know when
it is time to move out of a stock. Set your profit and loss sell points
and stick to them.

Bill Fortune III
Minnesota
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