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

To: Mark Bong who wrote (3307)	4/2/2001 4:46:30 PM
From: Jibacoa	Read Replies (1) \| Respond to of 52153

Mr.Bong with all due respect, CNBC is just talking about Lehman's Bros. outlook for Biotechs stating they see a possible another 20 to 30% further correction even for the large caps. They claim they see no reason for the Biotechs to be selling at a premium over Pharmas. I am also a long-term investor ( I don't know how long you have been, but I started in 1958 ), however I still think that the primary concern of any "investor" wether short or long term should be as Warrent Buffett ounce stated "NOT TO LOOSE ANY MONEY" Bernard

To: Mark Bong who wrote (3307)	4/2/2001 5:38:08 PM
From: Jibacoa	Respond to of 52153

Mr. Bong: I don't think you need to see this comment by Jeffrey Provence,since I know you are not worried at all about the general market's latest BEHAVIOUR, but it may be of help or offer some guidance to other long term investor who may not be so sure about what to do these days. "Now ask yourself, where will you be invested 60 short months from now? Will you seize the opportunities given to you by the economic factors that we are facing today? Will you look back 60 short months from now and say, ``What was I thinking when I sold my equity portfolio?'' "Obviously, I do not know where or when the market will hit the ``bottom.'' The bottom could be today, 3 months from now or 18 months out. What I do know is that history has shown long-term investors in leading companies prosper. " His comments may be a little out of context in this thread since he was not talking about Biotechs but about some of the "wireless" and other telephone & communications Cos. which have fared even worse than Biotechs since the BB. biz.yahoo.com Bernard