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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Brian Hornby who wrote (3300)	1/26/2000 2:28:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

BBH, I had the right chart but typed in the wrong symbol while writing the post. I'm a partial victim of the Biotech fallout of the early decade. 1993 or 1994. I'm still gunshy of the sector. Then the question of liquidity as I mentioned before. Plus, a lot of people have been talking up Biotech in my crowd. These are smart people with a lot of capital to send in. But they aren't traders so the combinations of all of the above persuade me that although the opportunity is certainly great my piece of mind won't accept the risk. One low priced Bio that one of these guys is very familiar with is HLEX. I'm sure it's a fine stock but what strikes me is that here is a well capitalized individual who can afford to buy just about anything and he's focused on a sub-7 dollar start-up. All the Bios he speaks of are low priced start-ups, I think another was CTII. It's just sort of the cab-driver syndrome. You have to admit when you hear cab drivers or locker room attendants talking about stocks you stop and wonder if a top is in. Because I was burned in Biotech once before I would not be comfortable, that's the driver more than anything else. If anything, my absence from the Sector is probably a strong Buy signal judging by past experience.