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Strategies & Market Trends : The New Millenium Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (468)	3/19/2000 7:23:00 PM
From: wlheatmoon	Respond to of 540

AMGN and BGEN were on Spring Cleaning Sale last week. I don't know about AMGN seeing 52 again....there was serious fear in the market at that time. If the market doesn't get a surprise by Greenspan,,,I think we move up and this should be a relatively good entry for those two... BIOTECHS had a wreck last week with genome news (Clinton and Blair comment) that killed genome companies....CRA, INCY, MLNM, HGSI, AFFX, HYSQ, LYNX, GENE, GLGC, yada yada yada.....the biotechs got crushed just for being in the same sector. in the long run,,,i don't see AMGN being a bad buy at all at the current level....one other way to play it for your long term buy is to buy 1/4 of what you want now...and sell April 60 puts on it (for another 1/4 of what you want)...collect the premium if you don't get putted the stock...pick up the stock a little cheaper for the long term if you do.... mike