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

To: Mike McFarland who wrote (4149)	6/17/2001 10:37:13 PM
From: Biomaven	Respond to of 52153

Mike, Yes - that comparison to the DOW and DRG indices puts our grumbles in perspective. Of course you get a very different-looking comparison if you look at the last 12 months (or even more so 15 months). I recall PB and myself arguing some time back about the relative performance of ABGX and MEDX. Turns out it was exquisitely sensitive to the starting point. If you picked your beginning date correctly, you could show what you wanted. (Which is why the SEC was forced to regulate mutual fund advertising - if you have complete freedom to pick your beginning date, you can usually show relative outperformance to most indices.) Peter