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To: augieboo who wrote (48766)	8/2/2002 1:47:29 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

My KLAC target remains $17.35 -ng. That chart actually scares me because I don't want this shit to go that low. I don't even want a bear market for goodness sakes.

To: augieboo who wrote (48766)	8/2/2002 1:58:29 PM
From: reaper	Read Replies (2) \| Respond to of 209892

<<Very long term, i.e., six months to a year or three, I won't be at all surprised to see 200 or below -- for FA reasons as much as anything. There are large parts of the bio industry which have no products, no profits, and not prospects. >> Heard recently that 59% of biotech companies have less than 2 years of cash and 33% have less than 1 year of cash. Now, most of these are not in the BTK; BTK is full of stuff like Amgen or Genentech or Idec that is very free cash positive. But a lot of this little sh8t is gonna go away. For an example, take Alkermes (ALKS). $161mm in cash, and a $200mm convertible note (so on a net basis they are $40mm or so in debt). in the last twelve months they have gone through $167mm in cash. they are projected to lose a buck next year; with 65mm shares that's another $65mm out the door. i just happen to know this one as i had been short, covered at $4+ a handful of weeks ago and re-shorted the spike yesterday. But there are a lot of biotechs that look like this. Cheers