InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: option007 who wrote (6850)	6/6/1999 1:34:00 PM
From: yzfool	Read Replies (2) of 28311

I would caution you not to make any analogy between biotech and internet. I have a biochemistry degree, and worked in a biotech lab at Mass. General in the mid eighties, and after med shcool, in the late 80's/early 90's I successfully darted in and out of biotech stocks. With one exception, AMGEN, I held biotechs for quick and large gains always selling into strength because I sensed too much enthusiasm and, as you say, some of the biotechs got a little ahead of themselves. To simplify, biotech was nothing more than pharmaceuticals on steroidal hype. The internet is a different animal altogether and its daily pervasiveness is a clue to its true investment potential. To simplify, it is a convergence point for all forms of communication; this notion in and of itself has greatness and does not require any hype.

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