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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: John Miz who wrote (22228)	3/14/2000 2:10:00 PM
From: Tradelite	Read Replies (3) \| Respond to of 57584

Biotech selloff was predictable, once news came out over the past several days about how the government's top health officials and the biotech genome research companies don't agree on patenting of research data. President Clinton's statement today to that effect was the real sinker for the market. The government, of course, wants the data shared and can't allow private ownership of factual data....the biotech companies want to protect their investors who sunk millions of dollars into the research. So far, it's a standoff, from what I've read. I posted a story link here over the weekend that mentioned CRA (Celera) wanting to patent its findings and technology so it could license it to drug companies (Pfizer was mentioned.) The story also covered Celera's differences of opinion with the National Institutes of Health on patents. My opinion....the drug companies should soar today although they're not....once they get their hands on the genome research, there is no end to what they can accomplish. And if the government won't allow patents, that's all the better for the drug companies, if you ask me, but some might disagree on that point.

To: John Miz who wrote (22228)	3/14/2000 3:33:00 PM
From: American Spirit	Respond to of 57584

My LU, IBM and CPQ up. My tech value portfolio only down 1% today on a 100+ Naz collapse. That tells me that while this market is dangerous there's relative safety with my current strategy. Of course I hope we rebound nicely now but I'm sure glad I didn't chase the high-fliers now. great tech value buys right now in UIS, WCOM, COMS (down 8 points now a value?), CORL, ESHR, ATHM, etc. UIS at 26 1/4 looks very safe to me (just bought more). On the other hand if high-fliers come down the way COMS has they'll start being buys in my book. A 200+ point Naz reversal today. Wow, and only a 1.5% difference in my picks. Also with money streaming out of bio-techs could drug stocks be the beneficiaries? They sure are cheap here. Bought MRK at 56 down from 74 recently. Rande, what do you think? Let's hope for a nice rebound tomorrow nomatter what stocks we're in.