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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: George Mc Geary who wrote (384)1/8/1999 1:51:00 PM
From: Harold Engstrom  Read Replies (1) of 1321
 
George, I have favorite stocks as well. When they become overvalued relative to their current fundemental performance (discounted potential short term future earnings can't support current enthusiasm) then I generally reduce my position and wait for an overdone correction to jump back in. There is nothing wrong with taking some profit or in diversifying...
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