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

To: Marty who wrote (3142)	3/20/2001 10:30:42 AM
From: Jibacoa	Respond to of 52153

<<It seems to me that the lower the entry point, the more profitable the position.>> That premise is true if you get the "right entry point" <g> The point is not to buy as cheap as possible or go short at top prices, but to buy or sell at the "right time". According to Jesse "it is not good to buy stocks too cheap or too easily","the best way to buy stocks is on the way up and on a rising market"."It is not a good thing to buy stocks when they are out of season.""It is the big swing that will make the big money for you." "The need above all other things is to determine the kind of market a man is trading in"."The big money is made on the big swings". It sounds silly, but obviously the thing to do is to be "bullish on a bull market and bearish on a bear market."<g> "It is usually better and more profitable to think of basic conditions than of individual stocks." It is more important to determine the status of the "general market" than to concentrate on individual stocks. "In a bull market 80% of stocks go up, you probably will make money buying stocks as easily as you would get wet going into a rain without an umbrella". "But believe it or not, most people find it easier to think of individual stocks than of the general market and of individual fluctuations rather than of general movements".And that is in spite of the fact that "Nobody should be puzzled as to wether a market is a bull market or a bear market after it fairly starts". If you are looking for a short or "day-trading" gain a point or two difference is very important. If you are more interested in a longer term and a larger gain, a point or two is not as important as trying to get your entry point at the right level and on the under the right "general market's" condition. See my comments on the Market: Message 15281696 Bernard