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Biotech / Medical : Biotech vs. Shorts -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (40)	7/26/1999 11:21:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 427

This thread has rapidly moved to the top postion on the Hot Thread list today. Does that suggest to anybody that there are wandering packs of dogs looking for targets on which to go short, or could this be a general interest in biotech and folks are merely bookmarking the new thread? I wonder if a sector rotation out of the big cap techs and internuts will make biotech the new leader for this market...or all we all going to suffer as a general market correction ensues. Slosh then hunker down...or will the slosh be after a general market correction?

To: scaram(o)uche who wrote (40)	7/26/1999 11:23:00 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 427

MEDI.... short 12.9K shares on 9/30 (at split-adjusted $32.40/share), covered by 3/31/99. Heh, heh, heh. I have long believed that there are collaborating funds out there, shorting biotechs. I never expected to run across one that was so damn blind to what they are doing. Like Franklin Templeton, Prudent Bear, and Jim Cramer's fund, these guys had to write a "sorry about our dismal performance" letter to their investors. Why do the investors continue to assume that the fund managers know their business? Why are these clowns out willy-nilly shorting biotechs at a point where the sector has been beaten on to absurdity? (a) no brains (b) no brains (c) no brains, or (d) no brains (multiple choice)