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

To: scott_jiminez who wrote (9431)	11/18/2002 7:08:36 PM
From: LLCF	Read Replies (2) \| Respond to of 9719

What about MLNM's proclamation the obesity would be their big target... anyone concerned about that 'black hole', or have any idea what they are actually spending on it? DAK

To: scott_jiminez who wrote (9431)	11/18/2002 10:44:13 PM
From: Doc Bones	Read Replies (1) \| Respond to of 9719

A "prudent selling strategy" recently could easily have resulted in selling CELG & AFFX in the mid-teens, and SEPR for under $5. While I have great respect for the market's judgement on stocks, at some point you have to rely on your own judgement and take a stand. Mr. Market sometimes seems to neglect to take his lithium, with stocks swinging wildly in both directions. There is no neon sign lit saying "undervalued," but when many good companies are selling for less than clear cash, I think you need to sell your 1 3/4% T-Bills, and seek out good stocks. A pre-determined selling strategy is more appropriate when there is a lot of air in valuations, based on uncertain future prospects. As we've experienced, a change in market sentiment, in optimism vs. pessimism, can be brutal. Doc