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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (56352)	4/25/2002 10:56:07 AM
From: Steve Lee	Respond to of 99280

"98% are puting large sums of money down a rathole and are going nowhere" That's what I suspect but can't measure the potential pain to be short when one of them announces progress on an AIDS or aging or cancer cure overnight. If I can't measure my worse case risk, then I'm not going to short it. Anyway, plenty of bloated techs around so I am not missing any opportunity by not playing biotech.

To: Jdaasoc who wrote (56352)	4/25/2002 11:10:46 AM
From: 4rthofjuly007	Respond to of 99280

A "large" percentage of biotechs are probably products of the glut of funds that flooded the market, but in the next few years I suspect that most of the companies that have poor prospects will disappear. 98% sounds a bit high. I do think that coming off THE bottom, whenever that is, great fortunes can be made if one does the research and has a LONG term time frame. I have not made a concerted effort yet but I am starting to take note of companies that are getting support from larger biotechs and pharmas and just getting press in general.