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.

Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: MARK BARGER who wrote (4145)	10/29/2000 8:27:01 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 10713

Hi Mark, Does anyone understand the current craze going on with many of the biotech companies these days? The market is a hope meter, not a rational analysis algorithm. Speculators have moved into bio because most new players have no memory of the debacle for biotech investor in the early '90's. But they will when they retropectively try to figure out how they lost all that money in investments in the 'future'. We are told that Mr. Market is rarely wrong, and never wrong in the long term. A couple of thoughts. Warren Buffett says that in the short term, the market is hope meter, but in the long run it is a weighting machine. J.M. Keynes said: "Markets can remain irrational longer than you can remain solvent." You must realize that CREE has been 'in play' for a long time. As such, price level of the stock has nothing whatsoever to do with underlying business realities. -Ray