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Biotech / Medical : Biotech Valuation
CRSP 51.11-2.1%3:59 PM EST

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To: scaram(o)uche who wrote (163)4/13/1999 10:38:00 AM
From: LLCF  Read Replies (1) of 52153
 
<flattening out the valuation curve until the very end, where it grows very steeply.>

< do you bet that this situation will perpetuate, or that sanity will return to valuations for patents and pipes?>

Yes interesting... this [don't buy until approaved/profitable] type of approach would create opportunity at this "dislocation point". So subjects approaching this point are way too cheap, especially if they are ALL treated the same. My "twisted" comment reflected my thinking that it is self evident that a % of "patents and pipes" [catapillers] turn into butterflys. Maybe buy catapillers and play options on butterflys???

And how does all this fit with the fact that lots of these stocks have acted terribly apon boardering on profitability? Almost like there's a "kink" in the curve!

DAK
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