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To: Dennis who wrote (2376)3/7/2000 12:04:00 AM
From: Julius Wong  Read Replies (1) | Respond to of 4916
 
Dennis:

Stocks move up because people are buying.

In evaluating biotech stocks, the investors look for items such as patents, progress in new products, etc. I bought ISIP, XOMA for the future products. I did not buy these stocks for current earnings.

If you feel biotech stocks are over priced, don't buy these stocks.

Julius