Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: SnowShredder who wrote (7925)	5/3/2000 11:31:00 AM
From: scott_jiminez	Read Replies (1) \| Respond to of 9719

Where'd He Go? Actually biotechs, telecommunications, sub-sectors of dot.coms, and the semiconductor/semiconductor equipment sectors were all leading the market until the beginning of March. Strange how a speech about genomics brought them all down. Using indicators tracking those segments leading the market prior the crash is helpful. Ignoring the broad trends in the market will lead investors into dead-cat-bounce head fakes of these narrow market segments...which virtually always result in the kind of action we're seeing today.

To: SnowShredder who wrote (7925)	5/3/2000 11:58:00 AM
From: Biomaven	Read Replies (1) \| Respond to of 9719

In early March, the biotech sector had the momo, then Clinton/Blair, said their infamous genome speech and crashed the sector But note that the biotech peak was midday March 7, a week before the Clinton/Blair speech on the 14th. In fact the BTK/DRG index peaked at 2.65 on March 7th, and had already fallen to around 2.00 on the 13th. (It's currently about 1.25). Similarly the VD portfolio had already dropped about 18% from its high on March 6th before the further sharp Clinton/Blair decline of 14% on the 14th. Anyone recall anything happening on the 7th that actually might have triggered the decline? As best I recall, I was then too busy counting my gains to pay much attention to the news. <g> Peter