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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM) -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (283)	2/23/1999 4:37:00 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 3044

David: Look for the institutional idiots who own biotechs and, given that they can't tell the good science from the bad, try to yank the sector around based on black cats or seasonal variations. There is one clown, in particular, who hurts this sector over and over again. In the end, he underperforms. And his underperformance is documented since the day he took over one fund and launched a second. He is a hindrance for anyone who cares about secure funding, going forward, for research efforts and patients' best interests. That's correct..... IMO, this one guy, together with his clown buddies, will cost thousands of lives going forward. It's once again "rolling hit" time for any second- or third-tier company that has a decent research premium. We have "enemies of the sector" controlling the major funds that invest in it. Non-dilute market cap of IMNX is $6.4 billion. The divergence between first- and third-tier is a joke. While these clowns bad-mouth the small caps, they're buying the best for their personal accounts. As we've discussed, Merck took a $11 billion shaving in market cap on the bad depression news. SNAP gained about $40 million in market cap in the following days. Merck has made up the difference and billions more. SNAP has largely lost its premium. My vision is clear. It's the rest of the world that's insane. I realize that this is not the standard view. :-) Rick