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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (6143)	6/21/1999 10:35:00 PM
From: Allan Harris	Read Replies (2) \| Respond to of 15132

In the late 80's and/or beginning of the 90's developmental biotechs went wild based on the "obvious" fact that they represented the future of medicine. Here's the difference, Marc, between the biotechs and the Internets: The former was and to a large extent, still is, basically hope and dreams with a few products finally seeping through the morass of government regulation. The latter is real, in our lives, every one of us, every day. It is tangible, all encompassing, highly addictive and invading every aspect of economic and cultural life in our society. From my viewpoint, it is easily distinguishable from merely a hot fad or an ordinary cyclic rally doomed to eventual collapse. Even the judges are getting on board: ij.org Look at it this way, every time every one of us on this thread logs on to read these messages, we are making the case that the Internet is something more then a fleeting investment fad. For those who are waiting for it to crash and burn, that bus stop running a long, long time ago. A

To: marc ultra who wrote (6143)	12/5/1999 1:44:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 15132

1999 Internets, 1992 Biotechs... As a general rule I personally have stayed away from anything internet related--hard to know what might cause a near term trigger to collapse the internet stocks, but it is a mania, so don't want any part of it. But those surviving biotechs...especially the smallest issues that I've been trading-- what sort of damage do you think might be done to them if the whole market melted down next year? I've filtered through the lists and the nine biotechs I own pass the scientific sniff test, and several of mine should post the sort of PR in the next six months that induces the sharp spike I love to play--but that wont do me any good if general market conditions take everything down by half. I'm two thirds cash, always have been, but a lot of that is untouchable--I wont be adding to positions or averaging in, I am in. I know you're a bear and I've no interest in seeing my grubstake evaporate, so your thoughts on my sector-- these scrappy biotech survivors, is appreciated. Your position on Geron and Murphy certainly rings true.