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To: Sunny Jim who wrote (31208)10/25/2000 2:39:22 PM
From: pater tenebrarum  Respond to of 436258
 
yep...it's an example of the insane 'flight to trash' that we have frequently seen in this market. sure, biotech has a bright future...but when? not one year from now...not two years..you get the idea. referring to biotech as a business, not as a stock market speculation. perforce such far-away prospects will lead to a correction eventually. the market doesn't have the patience to keep stocks at such lofty levels too long on promises alone. the i-nuts are the best example....