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Biotech / Medical : 2000-Year of the Biotechs! -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (213)2/7/2000 9:17:00 PM
From: Arthur Radley  Respond to of 1142
 
Return,
Couldn't agree more....there will always be a "tailwagger" in any sector. In the case of my list, I by design didn't select any of the "name" biotechs and went instead for the lower tier stocks with the hopes that I could catch a few that were headed for orbit. It is a mathematical certainty that it is easier for a $5.00 stock to double rather than a $95 stock...now isn't that a great deduction on my part.

I might mention that LGND has had a jaded history, but I've traded the stock and it has been a wonderful winner for me. With that said, I think the time is ripe to buy and hold as the future never has looked brighter for them IMO.