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Biotech / Medical : Biotechnology Value Fund, L.P. -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (2102)11/13/2000 2:17:56 PM
From: scaram(o)ucheRead Replies (1) | Respond to of 4974
 
OK, the sector is clobbered. Barron's, Gruss et al., and uncertainty re. election have bombed the "highflyers".

Joe Kernan was just on CNBC, reviewing the proceedings. Very balanced. The take home lesson was that biotech is not exactly "safe haven, not exactly the long bond" (paraphrased).

Agreed.

Now, turning to what's important.... valuations are all over the block -- completely irrational, and still a stock-picker's dream. Pick wisely among biotechs, and choose your island.