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

To: Rocketman who wrote (5719)	10/5/1998 5:35:00 PM
From: Mike McFarland	Respond to of 9719

We have the firm belief that biotech is a great investment over a fairly long time horizon and that it will be one of the key growth industies of the next millenium Thanks for your excellent post, I certainly hope you are correct. As you know, I am a newbie to the biotech idea, and the dumb luck of having not got into this til now is the only reason my losses are minimal compared to the model portfolio. The intent of my post was of course to goad you into some sort of a defense, and I am glad you did it, makes me feel better on days like this. Watching gztc go down like that today was a bit distressing, and the yahoo thread is really getting negative--usually not a bad time to be buying. My thoughts have mainly been influenced by Thurow, and the logical conclusion of his ideas about the commoditization of industry versus brain industries is the primary reason I've sought out biotech. It is also the reason I've not got into trouble with sectors such as PC's, disk drives, memory etc etc. Good luck to all, I'm afraid there are still going to be some good shopping days til Christmas--it may be a buyers market a bit longer. I still have a few stocks which are only third or half positions, and I still need to add affx or incy or maybe re- purchase hysq and my portfolio will be complete. Much appreciation to you all on this thread, it is a very good place from which folks like me can start getting ideas. --MM