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Biotech / Medical : Celera Genomics (CRA) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Rose who wrote (117)2/24/2000 9:20:00 PM
From: Ran Kivetz  Respond to of 746
 
Hi,

I hold CRA, so I'm enjoying the party as well. Most likely, the next revolution will come from the genomics field. I am wondering however (as you are) whether this is too much, too early. That is, these are not Internet companies with Internet time. The typical product takes 10-12 years to hit the market, so we aren't going to see a strong application (e.g.,. cure for cancer) any time soon.

This notwithstanding, if they have completed the mapping, then it's great!!

Long long term (i.e., years...) this is a hot sector. But shorter term, we are in for a "ride" once blue chips gain momentum, interest rates worries relax, etc.

I mean this stock is $450 now up from $80 not long ago. But, I'm holding on!



To: Robert Rose who wrote (117)2/24/2000 9:22:00 PM
From: Ron Kline  Read Replies (1) | Respond to of 746
 
All I can say is I'm loving this and glad I don't need to try to find a buy point with this stock at these prices. I've got the itch to take the profits and run. But I'm following the guy from the book "How I made a Million.." who always took a deep breath and said, "No, I'm not going to sell a rising Stock".
Ron



To: Robert Rose who wrote (117)2/24/2000 9:32:00 PM
From: duncan moyer  Read Replies (1) | Respond to of 746
 
Some guest on CNBC today speculated that people are bailing on larger cap stocks that are underperforming then buying issues that are hot. I see that volume today is nearly double average volume and as thin as this stock is it doesn't take too much added demand to push the price up. Think we may soon get a chance to see how fast CRA can retreat.

He did not mention CRA by name in the interview. Joe Kernan and other talking heads on CNBC did mention CRA today. I did not perceive any movement after their mention. I have, at times, noticed large % movement in some issues after mention on CNBC.