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Biotech / Medical : Bio Technology General - BTGC

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To: jay silberman who wrote (81)12/10/1996 10:08:00 AM
From: Malcolm Winfield   of 2028
 
BTGC Strategies ......

OK. BTGC is at $10.00+ and I can now buy a Toyota Tercel cash. I don't want a Tercel; I want a Nissan 300ZX - and I'm patient. With this said, the following questions come to mind:

Do I wait for Greenspan to hose down the party with more than verbal ammunition - let's say a real 0.5 or 1.00 hike? If he does, how will BTGC hold up when fixed instruments (bonds) become more attractive than stocks?

Have we come close to full valuation?

Is anybody else out there thinking of where to go from here? I've seen too many stocks post good earnings and go nowhere for my liking -
I know, I know: Peter Lynch says that it all comes down to earnings, earnings,earnings whether the market is down or up.

Any opinions or strategies will be appreciated.

Thanks

Malcolm
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