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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (10635)	2/17/2000 3:06:00 PM
From: clochard	Read Replies (1) \| Respond to of 42523

Internet stocks are better because they will never get blown up by the FDA or the like. They can fudge and muddle through from quarter to quarter without profits. The investors will have nothing solid to bother them as a biotech company do.

To: Ilaine who wrote (10635)	2/18/2000 5:06:00 AM
From: bill meehan	Respond to of 42523

<<I don't care if mo-mo players run them up, I just hope the mom'n'pop investors don't pile on>> Cobie, I'm afraid you're too late to hope for many. The stocks are rocketing and the little people have already succumbed to the "easy money" to be had. I've been following the market for more than 30-years and have made one (naturally unprofitable) trade in biotech after the top analyst in the group at the time (H&Q, don't remember his name) pounded the table on CNTO after it fell 50%. Even someone like me, who has no medical schooling, could understand the promise of Phase III trial virtually assuring app'l of its sepsis drug. I believe it fell another 75% or so, and it's one of a small group of stocks that I've never followed again. (Although I'm happy to look at a chart for a client, but that's getting to be pretty stupid exercise now also.)