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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: RWReeves who wrote (848)	3/16/2000 11:44:00 AM
From: Mike McFarland	Respond to of 52153

Doesn't matter who is right or wrong at this moment in time--biotech is getting absolutely beaten up this past week, and again today. Look at SNAP, off another sixteen percent after being down ten percent nearly each day for the last few days, and now my GENXY-- trading down another seven bucks to $32, and why--they raised a little cash and sold some stock to Abbott, is that not a good thing? Horrible. This seems like more than a shakeout to me, a bloodbath. We can come back in a year and decide which biotechs were the ones to own, but today, nobody cares where they will be in a month, much less a year or two from now. They want out and will sell out at any price. Brutal. Feels a lot like the last time I got stopped out, except this time there is a baby in a snuggly between me and they keyboard, makes it harder to enter the orders! So, anybody have the courage not to watch the quotes for a week, a month, a year?