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

To: scott_jiminez who wrote (1371)	8/2/2000 10:45:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 52153

No one, repeat NO ONE, accurately forecasts these peaks. ROFL! That doesn't seem to faze your confidence in your own forecast. I was CLEARLY referring to real earnings occurring RIGHT NOW and ESTIMATED FY2001 earnings. Exactly. You wouldn't give us the current PE, because it would make your stock look less cheap. You are looking to the future instead. Guess what biotech investors do, as well? Conversely, a biotech stock that has not made money since its inception relies solely on investor perception to determine its valuation. Perception of future earnings stream, to be precise. Tom