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Biotech / Medical : Biotech for less than a buck. -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (463)	3/11/2000 7:32:00 PM
From: RWReeves	Read Replies (1) \| Respond to of 743

OT- Mike Saga continues Well Mike this is OT since most of us don't have the same problems of money management. I've always planned that if/when I have enough of the green stuff I would not change what I am doing, just do less of the no fun stuff and more of the "fun" stuff. So I would not give up on stocks, nor would I give up start up biotechs, I'd probably do more of each. <But with the constant feedings, diapers and such, no need to put any big plans into effect. And Greenspan's main job is keeping the classes in their respective slots right? If he can kill the techstock market, and my shares go down the toilet, his mission will be complete. There is a certain amount of new wealth that is tolerable--all the Inet money from last year, but you don't want folks like me leaving the work force to become professional students and such.> Wow. World class rant, that one. I doubt this is Greenspan's job. I think he likes to play "Masters of the Universe". I liked Volker better. I think the classes have better access to ways to make money than at any time in history. No, the techstock market is more likely to die from a choke of investment like a pond from water hyacinths. Eventually, everybody will own their fill of everything they want- some anthropomorphism here, but basically sound, and then picking issues is the only way to go. Zero sum. Right now its Net Investment, i.e. more tomorrow than today. But the US ain't the only game in town, and most of the stuff I invest in couldn't care less if interest rates were 6% or 20. Above 20, it could be a problem, I suppose, but other countries are not in the same cycle as the US either. Mike, why not spend time with the kid, get an MBA and diversify your portfolio into what you need and what you can risk. You seem to have some natural analytical talent which we have all benefited from. Maybe allocate 80/20- you can have almost as much fun with 200K of play money as 10^6 bucks. Diversify into real estate maybe, some franchises like Taco Bell or Midas, don't get too focussed on just stocks. If you don't know when and why a stock will go up or down, you really should not own it. Just gambling then, isn't it? Anyone welcome to join in and help kick Mike's rich, sorry, postpartum depressed butt...<g> No rules on this thread except makin' and keepin' money the small cap biotech way.And even those are not really enforced. RWR