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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (65279)	6/21/2005 2:45:55 AM
From: Snowshoe	Respond to of 74559

Biotech Breakthrough Will Favorably Impact the U.S. Chemical Industry biz.yahoo.com Monday June 20, 9:12 am ET WASHINGTON, June 20 /PRNewswire/ -- Codexis and Cargill, members of the Biotechnology Industry Organization's (BIO) Industrial and Environmental Section, today announced a breakthrough in developing a novel microbial process that will convert corn sugar to a chemical intermediate. This process is an important milestone in the development of a new renewable chemical platform. When fully commercialized, the industrial biotech process will convert dextrose derived from corn to a chemical intermediate known as 3, hydroxyproprionic acid (3HP). The new process will utilize very low-cost, clean agricultural feedstocks instead of petroleum to produce 3HP. 3HP is a key intermediate for several commercially important chemicals. The chemicals that can be produced from 3HP include acrylic acid, acrylamide and 1,3 propanediol. Acrylic acid and its derivatives are used to create a wide range of polymer-based consumer and industrial products, such as adhesives, paints, polishes, protective coatings, and sealants. This new process is cheaper and more environmentally friendly than the old process that uses petroleum as a feedstock. "Industrial biotechnology converges seamlessly with other scientific disciplines and is a powerful source of innovation for new products and processes," stated Brent Erickson, executive vice president for BIO's Industrial and Environmental Section. "The global acrylic acid market is worth over $4 billion. This breakthrough is going to shake up the chemical industry and it will help U.S. companies that adopt it to be more competitive in the global marketplace." "With natural gas and crude oil prices going through the roof, the commercialization of this renewable chemical platform should be great news for the chemical industry. The chemical industry needs new feedstocks to stay competitive, and this chemical platform will be based on corn, not foreign oil. Furthermore, the biobased economy that is evolving is about more than just ethanol," Erickson added. "The interface between industrial biotechnology and agricultural production provides the ability to produce inexpensive, natural raw materials -- such as sugars and lipids -- for manufacturing biobased products. Sugars and lipids from agricultural crops can be used in many products, replacing increasingly expensive oil and natural gas, which are currently the main feedstocks of the chemical industry," Erickson continued. BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and 31 other nations. BIO members are involved in the research and development of healthcare, agricultural, industrial and environmental biotechnology products. ------------------------------------------------------------------------------- Source: Biotechnology Industry Organization

To: Seeker of Truth who wrote (65279)	6/21/2005 2:03:51 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Getting out when a big trend has peaked - two parts of this 1) Knowing 2) Acting Acting is usually the toughest part. First, you need somewhere for the money to go that you think might be better long term, or at least not to bad. When tech peaked, I was already into some energy stocks. After energy stocks, I don't know what - biotech maybe,but that's moving already and is tricky. Utilities are doing ok and have nice dividends, but limited upside. Biotech and Utes are what I am into now. Also, you need to be accustom to the fact that you will be selling early or late. It can be useful to start selling maybe 10% of your positions at a time. Tha way, you get used to selling, you can look at tax issues for today and for what you are buying - buying some utilities early means those will cross the 1 year period for long term gains early. Selling a little at a time means you want be clobbered by a sharp drop - you will already be out. Towards the end of selling, you might want to hold some energy items a little ( 5-15% ?) past the peak for either tax reasons or diversity, especially if they are stocks with really BIG gains which would have big tax bites. Look at what is weak, and what is strong, check the tax issues, and take about 90 minutes to write down a written plan. With big gains, it reasonable to spend a few hours on how to keep taxes reasonable so you can keep what you made. Best of Luck, energyplay