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

To: JOEBT1 who wrote (3509)	4/21/2001 1:24:15 PM
From: scaram(o)uche	Respond to of 52153

JoeBT: Ten baggers will not be as common as 1 to 4 years ago when many biotechs were significantly overvalued in the the mania market Agree, but have mixed thoughts....... 1. Agouron wasn't easy; 2. IMGN (kudos!) and OSIP weren't as much issues of mania as they were of opportunism; and 3. The best biotech investor in the world, years 1999 and 2000..... Miljenko...... is still a "buy and hold" guy. That said...... you're correct, IMO. The easiest way to superior returns, given today's environment, is to quickly move around for one baggers. At least ten per year. ;-) Rick