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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Sea Otter who wrote (28638)	3/31/1999 6:02:00 PM
From: Cheryl Galt	Respond to of 32384

(OT) >> Check out this week's Economist (print copy only - no URL). Good article about large biotechs versus small biotechs << I will check, at my local library. That article is not in the index of the current Apr 3-9 online edition. I'll compare the contents of the print edition. economist.com ----------------------- I recently saw a different analyst opinion regarding money flow into stocks ... seattletimes.com An excerpt ... "Some say the automated injections of cash from individual and corporate pension programs assures higher highs. But statistics assembled by investment author Jane Bryant Quinn show that while individuals shoved a net $20 billion into stocks through 401(k) plans last year, they cashed in $500 billion in non-retirement accounts. Corporate pension funds also lightened up. Then how did stocks rise? Corporate acquisitions and buybacks reduced supply, she wrote. Meanwhile, the list of stocks going up gets smaller and smaller. The total number of advancing stocks each day has been outnumbered by decliners on a regular basis this year. But the indexes rise, because the preponderance of money is going into the biggest stocks that control the indexes." -------------- But please don't let anything i say sway your investment decisions. I try to report information, or at least identify opinion as such. But my own perspective surely filters what i find noteworthy -- and since i'm likely too conservative for my own good (eg, have never bought a lottery ticket, possibly congenitally incapable of doing so...) -- the information i choose to report is likely in that sense biased. Regards, Cheryl