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

To: Mike McFarland who wrote (226)	2/7/2000 10:44:00 PM
From: Michael Young	Respond to of 1142

<<(The market is telling us which stocks those are) I cannot believe the market is that smart--we all know that the fund managers have to have liquidity, and so many bargains are passed up and can still be had for a fair price. >> The market IS that smart. Liquidity isn't that big an issue. CELG and UTHR are very thin for example. Hasn't stopped the smart money from buying them up. A year ago almost all biotechs were "undiscovered." But that has changed. The market is now marking up the best stocks in the sector. Those are the ones making the huge price/volume jumps these past few months. MIKE