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

To: Vector1 who wrote (5421)	8/4/1998 10:04:00 PM
From: Rocketman	Read Replies (1) \| Respond to of 9719

Kind of interesting how INCY was up a 1/16 today while the Dow dropped 300 points (3.4%) and the biotech index was down 4.2%. I guess giving up 10% yesterday was enough for INCY for the moment. Now that money is fleeing the big stocks, maybe the high risk biotech sector won't seem as high risk anymore. Sure didn't work that way today, but it seems to me that the big caps have farther to fall than the biotechs. Oil sector is probably getting hit due to an oil glut from economic slowdowns in Asia and the fear that the slowdown spreads and the oil demand drops a lot and the supply just builds. In that case, why drill? Actually the thing that really screwed up the markets this week is that I started working again!!! Once again more proof that the world revolves around me @;-> That reminds me of a joke: How many Stanford students does it take to screw in a light bulb? Just one! He/she just holds the bulb up and the world revolves around 'em. Rman, retro rockets fired....strapping in for the fall to earth....nothing worse than a rough reentry, hope we don't all get burned up. PS: At least ENMD is one bright spot for us. Went as low as $25 1/2 today!