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

To: Mike McFarland who wrote (931)	4/13/2000 3:39:00 AM
From: Doc Bones	Read Replies (1) \| Respond to of 52153

VPHM was a huge stock today, the poster child for sudden crashes. I think this could be a plus in terms of sector evaluation. People are asking themselves now: Is this the end of the world, or is the (bio) sell-off a little overdone? VPHM has $230 Million in the bank, with a market cap of $255 Million. Can you say "limited downside"? There's plenty of good science here too. Even I can evaluate this one (allright, with a little help from my friends.) A very small 4 Million share float makes this a volatile issue, a daytrader's favorite. VPHM has shown big moves in the past, and I think the likely direction for one in the future is clear. It drew a lot of attention today, not exactly favorable, but on reflection I think people will realize that the sell-off went beyond the reasonable, and they may re-examine some other stocks in that light. Doc

To: Mike McFarland who wrote (931)	4/13/2000 11:58:00 AM
From: Don England	Respond to of 52153

afraid feline in extremis is the prevalent theme here. don't know if you follow charts at all, mike, but i took a cue from eln's chart on that big black candlestick around 48 and bailed on all of it mid 40's (don't believe it matters why it fell, rumors, journal articles, etc., because what we are measuring here is sentiment, and some days bad news is good, and some days it ain't) drop was about 10 pts in 3 days on ~15 mil. shares. next it comes back in 2 days half that distance, but only on about 4.5 mil. shares. now - is this going to be a dead puss, or can it rally up past its lower trend line into 46ish territory? that's my tell for the moment: a good, predictable stock that either tells me i have misjudged the market's tone, or a continued breakdown that says i got it right. would have got hammered again yesterday if i hadn't gotten out. tgen < 10, ughhhh! lol, don