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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: Rocketman who wrote (5416)8/3/1998 6:58:00 PM
From: scaram(o)uche  Read Replies (2) | Respond to of 9719
 
The saying goes.... the sector will turn around when the last bull throws in the towel.

A good friend, one of the best biotech investors that I know of, just wrote and said that he was completely out of small biotechs. He has raised cash and is waiting for the dust to settle. So, one of the next-to-last bulls is out. Should the rest of us fake it?

:-)

Remember when I got on Andy's case for knocking the entire sector? Well, down here in the second- and third-tier, I haven't had too many winning days since. Wish I'd have bailed to cash when you posted, Andy.



To: Rocketman who wrote (5416)8/4/1998 1:06:00 AM
From: Vector1  Read Replies (1) | Respond to of 9719
 
Rman,
What in the hell happened today. Market sucked. INCY got absolutely crushed. Some of the smaller guys already got the sh-t kicked out of them and didn't go down much further. we could be in for a rough week. Hang on and fasten your seatbelt. Rick looks for the last bull to sell, I look for panic selling and we are starting to see some. Oil service sector is getting hit worse than biotechs.
V1