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To: Spekulatius who wrote (19230)5/20/2004 10:40:06 PM
From: Madharry  Respond to of 78486
 
actually its precious metals that I own. I guess my point is that while biotech might be risky I am not sure why the current economic or interest rate environment should have any impact on the pricing of such issues. Similarly low price issues may be perceived as more risky than a company like Amazon but who knows. It seems to me that its hard to find companies with assured growth and low pe multiples.
Instead of Pfizer how about ICOS? and I forgot to mention STO a norweigian oil company which has declined about 8% despite new highs in oil prices.