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

To: Icebrg who wrote (10047)	1/22/2004 4:21:07 PM
From: Icebrg	Read Replies (1) \| Respond to of 52153

Some friendly biotech investment advice generously provided by Fushi on MF. cynicalFushi's Laws of Biotech Investing 1st Law (aka, the “Index Fund Mantra”): “Whatever you do, DON'T INVEST IN BIOTECHS.” Failing this, the 2nd – 9th Laws apply: 2nd Law (aka, the “Dot.com Principle”): “Come hell or high water, the vast majority of people will believe what they want to believe, and if you sell them something that supports this belief, you can become filthy rich, irrespective of whether or not the original belief was true.” 3ed Law (aka, the “Ph.D. Presumption”): “Unless you are actually employed by the company you are investing in, you might as well be just pissin' in the wind.” 4th Law (aka, the “Animal Farm Correlation”): "Whatever goes upon four legs, or has wings, is an ANALYST." 5th Law (aka, the “-Omics Assumption” [as in "Genomics, Proteomics...]): "All drug targets are equal. But some drug targets are more equal than others." 6th Law (aka, "Do Something-bert"): "When in doubt, merge." 7th Law (aka, the “Haseltine Hypothesis”): “A jet-setting CEO ain't worth a hill-o-beans in the clinic.” 8th Law (aka, the “Wuda, Cuda, Shuda Dictum”): “One reason is as good as another when selling at a loss.” [I may be misremembering, but I think the 8th Law was inspired by you Caesium, when you dumped all your MLNM. ;) ] And, in honor of wadigo's and cliff's remarkable performances in our biotech stock picking contest, introducing two new laws: 9th Law (aka, the "Blodget-Cramer Condensate"): "One good year doesn't make you Peter Lynch. But you might get a book deal/job on TV out of it." 10th Law (aka, the "Buffett Dilemma"): "Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market [apologies to Warren Buffett for the plagiarism]. But, if your holdings declined by 50%, maybe, just maybe, you should never have been picking stocks in the first place."