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To: Jorj X Mckie who wrote (3693)6/18/2002 10:33:27 AM
From: Dave Gore  Respond to of 17639
 
Jorj, I agree. They are very hard to value. The one difference between them and Internet bubble stocks is that they have a history of rising, falling, then rising again. They are not a 2-3 year phenom., but have attracted real investors and fund buying for 20+ years.

You do have to be careful, but for me the whole theory of investing successfully is REWARD/RISK. I also agree that stocks without PE's are more dangerous. I primarily like MLNM because it has real drugs, a real pipeline, and a profit schedule. But it may become a short term trade from $11 to $18 or less.