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To: LLCF who wrote (55273)	1/8/2001 11:44:44 AM
From: AllansAlias	Respond to of 436258

Yup. Recall we noted the bending of biotech last week. If was the first major sub-index to completely give up the Greenspan spike. As was said then, "something not right there". edit: Initial target for this breakdown is probably in 425 area.

To: LLCF who wrote (55273)	1/8/2001 11:46:23 AM
From: Lucretius	Respond to of 436258

yep, not good...

To: LLCF who wrote (55273)	1/8/2001 11:25:43 PM
From: Spekulatius	Read Replies (1) \| Respond to of 436258

<< Anyone notice the Biotech Index down 6% on the first day of "H&Q Conference"?>> Many on this thread here compare the Biotech's with the Internet sector but i think this is off base. I do not have any doubt that the Biotech revolution is real and will turn into many products. Sure, some of the better known companies like HGSI or MLNM are still richly valued but some of them might become the pharma companies of the future. Many beaten down Biotech's represent excellent investment vehicles at current prices. os a market cap of 2.7B$ for a profitless VRTX really too much? Their pipeline beats most medium sized drug pipelines handily...