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Biotech / Medical : Cell Genesys (CEGE) -- Ignore unavailable to you. Want to Upgrade?


To: Daveyk who wrote (747)3/10/2000 1:13:00 PM
From: Bosco  Read Replies (2) | Respond to of 1298
 
Hi Dave - me too <G>. But seriously, we know the biotech is weak b/c of the tremendous gain in the last 2 months and people are locking in profits. Also, we know Friday is not likely a good day for the weak sector. So, I can say these are the two short term negatives.

However, biotech is real. It takes a lot of time and efforts, therefore, there was a letdown in the late 80s. Time has changed. Biotech has a lot more tools and techniques unheard of even a few years ago, like biochips! So, I would like to think this is a quantum leap. Just think of the technical force of a decade of basing!

As far as CEGE is concerned, I think she is like a baby got thrown out with the bath water! Also, one should blame those folks who risk their capital a year ago and decide to cash in their 10 baggers or even 20 baggers. I am late, but not too late. Stockwise, she may be rich relative to a year ago. Storywise, she has not yet begun the 2nd chapter!

best, Bosco