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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: Pseudo Biologist who wrote (6122)12/10/1998 5:23:00 PM
From: Harold Engstrom  Read Replies (1) of 9719
 
You guys have done a very good job. I think what has been sort of articulated here is right: there is good science being done that people get rightly excited about, but the stock gets ahead of itself and until there are real earnings there are inevitably much more severe corrections in biotech stock prices than others.... You can always pick up quality biotech companies at a sale in the near future. Every stock in the portfolio will be had at a much cheaper price sometime soon. Overall, your timing has been very good.

The only exceptions to the firesales are the big bios that are making money.
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