SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : VD's Model Portfolio & Discussion Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Vector1 who wrote (5560)9/2/1998 1:45:00 PM
From: Berk  Read Replies (2) of 9719
 
Vector
Somewhat OT. In error I posted the following (a little revised now) on the INCY thread:
Currently we have a fairly wide disparity between the large caps and the smaller ones, the Russell 2000. As an example in the biotechs the AMGN's, BGEN's, etc have done well while the GZTC's, LGND's have collapsed. In the semiequip area AMAT is selling at a large premium to its group while BRKS is close to its "cash" value. Unfortunately, this theme seems to be spread across a large number of sectors, not just these two. (I seem to recall reading somewhere that the Russell 2000 has had close to a 50% correction.) In the past the market has resolved this is two ways: a bear market similar to the mid 70's where the Nifty 50 were picked off by a massive bear market or more recently in the 80's where the LBO became the vehicle through which this was done. Some say Bill Simon started it all when he took over Gibson Greetings and promptly resold it months later for a fantastic gain. Obviously, my preference is the latter rather than the former. The question is, "is the climate right for it." Were I a VC my trigger finger would be getting itchy and the more light I saw at the end of the tunnel in SEA and Russia the "itchier" it would get. I would appreciate your perspective on this since I think your main occupation would give you insight that I don't possess.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News