Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (72179)	12/22/1999 5:07:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 132070

Michael...regarding biotech. Do you see this sector of the market capturing the imagination that the internet sector did this past year--I am at a loss to explain the melt up in genomics companies, I think it can only mean there is a sector rotation ongoing. Frankly, the speed at which some of these biotechs are moving up is a little frightning. I'm getting a real thrill out of this, you may remember I've had my mad money in some of the third tier biotechs for the past year--but it does leave a bad taste in my mouth, maybe some of these stocks (CELERA!!!) are moving up for the wrong reasons. Anyway, I don't know how I should deal with a rapidly rising account balance. Let it ride (it is mad money) or start shifting into gold and railroads and hunker down for Greenspan next year? I suspect I am going to look to reduce a few positions by thirds in the next couple months--maybe around H&Q. As far as your biotechs, do you close your eyes and simply hanging on for the ride? I personally only own stocks that I feel are good long term holds as well-- but third tier biotech is by no means a conservative investment for an overheated market. Also, thanks for posting your favorites. Of the baby Genzymes I went for Gizzmo, but you're the man--and a very much respect your opinion on these matters. I suspect your "due diligence" is a couple grades up from my own. Happy Holidays to you and the rest of the folks of this fine discussion thread. -Mike McFarland