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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Vector1 who wrote (8930)	9/21/2001 5:37:28 PM
From: dalroi	Respond to of 9719

Well , if big boys like the bass brothers are having margin calls i can imagine lots of other people do also have them so what we c is IMO partialy caused by forced liquidation and fear over the weekend . Its a self fullfilling professy 1/ stock come under a certain MC so some funds have to sell price drops 2/ due to prices drops margin calls so price drops more 3/ fear over holding over the weekend so price drops now the good news I was thinking about selling some none prime stuff this means bottom must be near markets are closed so now mr B can do what he has to without fear of a crash btw my mood aint beter either Stefaan

To: Vector1 who wrote (8930)	9/21/2001 6:06:48 PM
From: Rocketman	Read Replies (1) \| Respond to of 9719

V1, I don't do him justice in my synopsis. Also, you do sound like you are in a BAD MOOD!!! When the Beer versus Nortel statement is true, things are really pretty out of whack! You sound like you could use a beer or six! Also, keep in mind that Burrill is looking at things on a very macro long term basis, not on a short term basis at all. He has the traditional VC 10 year and beyond mindset. He wasn't implying you should time the bottom, just pointing out that the market cap of the industry was approaching the cash value of the industry, which he thought was indicative of nearing a bottom. We all know of examples with specific stocks where this isn't true, and they are valued way less than their cash in hand. But, when you look at it industry wide, it would seem to me to be a pretty valid indicator. Of course Macro panic driven by external forces can trump such things. The only stock buying advice he gave was in response to a question for his favorite pick, where he gave the buy a diversified biotech portfolio and don't watch it for 5 year viewpoint. He touched on how the media views genomics as dead, but in reality we are just scratching the surface and it will be alive for the next hundred years. It is just out of vogue with the media (and markets) who have moved on to the next buzz word. Same with proteomics. He had an amusing slide with a list of terms that all end in -omics The Omic-ization of biology. His point about System Biology is that it is what you will be hearing buzz about over the next few months....time will tell. It only makes sense to me that you start combining all these pieces genomics, proteomics, functional, etc... into an integrated systems approach. You are dealing with organisms in reality, not just DNA, RNA, and proteins separately. On the Rx vs Dx, he said that the trend is going to be away from the commodization of Dx that currently exists. Much of what I wrote down was from his summary slide, which wasn't postured as being insightful, but just a summary of what he saw coming: volatile markets, etc... more of a summary of the status of the industry all in one place than some shocking revelations. Believe me when I say that my synopsis does not do him justice. Not go knock back a beer and play with the wife and kids dude! Your Rx from you Rman....