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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (4931)	1/18/1999 6:03:00 PM
From: Mike McFarland	Respond to of 56535

Yeah, I'd say it is throwing darts, and you hit the bullseye, or it bounces off the board entirely. I glanced at the asct profile--they only target pediatrics? I've been trying to aim for companies which look like they're locking up good science (even though I am not qualified to judge, but happy to try and make a partially-educated guess). Anyway...I'm mired own with a handful of those micro biotechs--they average around twice book... several have partners which cover the burn, the others are looking. My hypothesis has been that as big cap pharma and big cap biotech continue to run up to rather expensive valuations, eventually there will be a microcap biotech feeding frenzy. --Mike