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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (19484)	9/24/2002 2:14:21 PM
From: Louis V. Lambrecht	Respond to of 36161

I should have written: the rush for patents on the genome is over. But I see your point: it is time to look for cash rich companies and there are some trading @ price below cash. Best of them would be, IMHO, those planning a cash distribution then close the doors: why burn cash for an hypothetical recovery how many years away? But agree again with you on CRA: at these prices a good written PR could send that share up 50% in a snap. Still, IMHO, any paper asset, including gold miners, will be cheaper when the market will really turn ugly. Then will be the time to buy cash for cents on the Dollar.