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

To: Arthur Radley who wrote (336)	2/19/2000 7:33:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 1142

Yeah, I had something to say about that-- don't bite the hand that feeds you! Message 12919697 He is just sour grapes because folks in 3rd tier have been raking it in and all he could come up with was a lousy eight percent. He should have given them a positive remark about how all this funding is good for the sector, and how M&A activity is bound to pick up--if you have inflated stock, go out and spend it--you get even stronger. Dont need fund managers trying to talk things down. Lame. Let Greenspan do all the jawboning for you, then sop up any bargains when you can. and we have this... "My biggest concern is that people are getting into names that are not quality names," said von Emster. "The rising tide is raising the marginal companies and the downright bad companies." cnbc.com ...and we are supposed to look into fbdix for the real quality right? It is good to know that von Emster is looking out for us. Of course on the other side of the map, from the Cheerleaders we have "There's only one human genome" huh? Yeah, there is only one galaxy too, so what?

To: Arthur Radley who wrote (336)	2/20/2000 12:23:00 AM
From: Jack Hartmann	Respond to of 1142

I think taking money off the table implies profit taking. Nothing wrong with that. This sector is getting huge influx into biotech mutual funds. The fund managers are not going 40% cash lest they lag the NASDAQ. <Last month, Greenspan said Wall Streeters were playing with fire in using debt to buy stocks.> In April 1999, many leveraged investors got margin calls when many techs collapsed forcing liquidation of accounts. Probably will happen again when some companies missed the March earning estimates. Jack