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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: RMP who wrote (7396)	12/3/2002 6:00:21 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 52153

<<are you buying individual stocks>> After giving it a great deal of thought, and looking at a lot of individual issues, I've decided my ability to pick biotechs is nil, in spite of my physician's training and experience. There is just too much event risk, much more than in silicon-based tech; the fortunes of all these stocks rest on unknowable future events (not just unknown to me, but inherently unknowable no matter how much effort I spend in researching them). So I'm making a bet on the sector, rather than any one company. If I was going to pick stocks, I'd buy a basket of at least 10 (and then following them would be a full-time job).