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Biotech / Medical : Are Biotechs Now Overvalued? -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (2)3/5/2000 3:33:00 PM
From: Jim Haynes  Read Replies (2) | Respond to of 14
 
The responses thus far illustrate my concern. Sure, the biotechs are undervalued relative to the internets. But do biotech market values on the whole exceed intrinsic values? To the extent, if any, that they do, a new kind of risk enters into the risk-reward calculus of a long term investor.

Jim Haynes