A crash for the markets - a crash for biotechs ? Message Board

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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 ()	2/15/1997 10:28:00 PM
From: Bonnie Bear	of 74

Trevor, good question. The buying behavior of the American public is into large-cap stock mutual funds, not individual stocks, not small stocks. Most are terrified of tech stocks right now. Market crashes tend to happen as people cash in a whole mutual fund so the crashes affect whatever the fund managers own, and the market is crashing in sectors. These fund managers don't own biotechs. Because the funds are so huge the fund managers don't bother with little companies, and small cap stocks as a whole have been in a bear market for years now. Only a tiny number of funds deal with the biotech sector. If the large-cap market moves sideways with a lot of churning then we should see a tremendous surge in many of these small issues. You may want to do as I am doing: where I see an undervalued stock, I buy half as much as I want at a good price and wait a while. If it becomes even more undervalued, I buy more and rejoice, if it goes up I rejoice for having bought a stock that is going up and buy more. I do think drugs and biotechs will be spared in the carnage that may happen soon. Do check on lawsuits and financials before buying. Regards, B

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