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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: aknahow who wrote (8061)7/7/2001 10:44:28 PM
From: Hank  Respond to of 10293
 
"Which do you claim will happen, because of increased energy prices, inflation or recession?"

Well, in my amateur side chair economist's opinion, I'd say both.

"It is very easy to see a real business plan for most biotechs."

I'm not arguing that. Most biotechs have excellent business plans. The risk is in the successful execution of them.

"So we are teetering, but then again we are not. Prices seldom just go in one direction. Next year when we have no "disaster" will you claim you were correct?"

No, I'll say I was cautious when I perceived that caution was warranted. Either way, I'll come out ahead and that's the name of the game. Like I said in an earlier post, either the shit will the fan or it will not. I'm not a psychic and can't tell you for certain which way it will go but I prefer to play it safe, for now. It's that simple.