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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (5098)	12/11/1997 7:36:00 PM
From: E.J. Neitz Jr	Respond to of 17367

Relax Everyone--Biotech will do Great As Asia Crisis Continues... I have been at this a long time (biotech investing/trading) and one thing that sticks in my mind is this--biotech stocks may sell off during an international crisis--but generally come back stronger than most other stock groups. Investment and spending may be cut for semiconductors and capital goods because of Asia--but the research will continue in this exciting field. When was the best year for small biotech companies? Well it was 1991, right after the stock market collapse at the start of the Gulf War (4Q90)! The decline we are seeing right now can attributed to end of year tax related selling. There are a lot of profits from some large cap stocks that are being balanced off by selling many underperforming small cap stocks. All of this is happening at a time when the usual small cap biotech invester is afraid to buy, because of Asia! Look at this as a great opportunity to purchase stocks at bargain prices. You know your stocks--if you liked the stock at higher prices--get ready to buy more--as the month of December winds down. Best wishes to all--it will get better

To: aknahow who wrote (5098)	12/13/1997 2:35:00 AM
From: Tharos	Respond to of 17367

George, >>others were allowed to generate great profits by borrowing at rates the Fed made sure were low, to invest in the long bond at a guaranteed spread<< I also thought this guaranteed spread was how Mexico got bailed out. And I seem to remember the last Korean crisis occured because their economic growth fell to 8%/year. Koreans don't get much opportunity to take their money out of th country, so there will be nowhere for them to run with the possible exception of gold. I collect Korean celedon and have been anxious to see how far the rate will fall. Might finally put a few of the pieces I have been eyeing within reach. >>Is a world wide depression possible?<< Generational based economic models say not until 2012 at the earliest. The average Japanese citizen seems somewhat unconcerned and almost smiling a bit. It was the Yen's plunge from 260s/$ to 80/$ that put the skids on Japan's export engine. If the rate can climb back to 150 then the Japanese can once again become competitive at widgits.