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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (44075)	3/25/2000 6:28:00 AM
From: Greg Jung	Read Replies (1) \| Respond to of 99985

<Best bet buy some bio tech stocks the future is so rosy> Haim I suppose you are being facetious with this, but as a trading or investment angle I am convinced it is true. Currently the hot G stocks are on the way down, maybe more slowly and deeper, but it only takes a few billion bucks to get the sector shaking and the stocks are mostly at least 50% off recent highs. I think we make a bottom and go back up. Everything has already violated the 50dma - that was too steep, anyway - so possibly we go to the 200 dma after some struggles.

To: Haim R. Branisteanu who wrote (44075)	3/25/2000 2:40:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

Best bet buy some bio tech stocks the future is so rosy <GG> I call investment buying a stock of a real business with real profits, cashflow, real book value in a similar fashion as one will buy a business for himself and the bank would finance 80% of the acquisition (without bribing the lending officer <GG>). As to predict the future 3 to 5 years out ..... oh well that is pure gambling. BWDIK 10 years ago I left big pharma to join an upstart "biopharmaceutical" company. We have accomplished more in ten years than any of the big pharma companies. We put a product on the market and have at least four more in clinical trials. So, is there risk in predicting 3-5 years out? Of course. Is it gambling? No. You don't seem to understand the nature of innovation. Haim, I really respect your opinion but, you are off base about the nature of gambling vs. investing. I don't prescribe to a buy at any price philosophy but, I do see tremendous growth potential in the biotech industry. What price would have been a great price to get into Merck? How about being in on the ground floor? There are fledgling companies today that will be peers with Merck in a decade or two. For you to talk about "investing" and not be able to consider even a three to five year timespan is ludicrous. And yet in another breath, you belittle trading as gambling "not investing". Ok, so what timeframe should I be "investing" in? Daily is too short and 3-5 years is too long. The company I work for does still operate in the red, by the way. But, should any of their products pan out in the clinic, I would expect that to change dramatically and at a far more rapid pace than you would be able to "invest" after the fact. If they are so wonderful, why are they in the red? Because they invest in the future, by bringing innovative products to the market (a very expensive endeavor); products which improve the quality of life or even save lives. So, I'm going to finish by concluding that, for all your knowledge, it is you who does not understand this investment vehicle.