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Biotech / Medical : Ionis Pharmaceuticals (IONS) -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (1941)	4/22/1998 12:53:00 PM
From: Scott H. Davis	Respond to of 4676

Marc, the Biotech sector is giving up gains sharply - not just ISIP. VICL, LGND, BTGC sliping - but for a broader reference point, lok at the chart for Fidelit Select Biotechnology - no a pretty sight last couple weeks. I wonder if the "growth money" is off chasing hot internet stocks. But since the market has a value bent currently, biotechs don't fit that mindset. I'm up on all my 98 biotech purchases, but the gain is shrinking fast. Since the pullback is fairly broad based, may be a buying op for long term holders but likely to be dead money short term baring significant news. Scott.