Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kick Me...Please! -- Ignore unavailable to you. Want to Upgrade?

To: somethingwicked who wrote (3)	4/9/1999
From: Mike McFarland	Read Replies (1) \| Respond to of 21

Why would you invest in biotechs After the biotech boom of the late 80s and early 90s the funding spigot just dried up, you don't see too many biotech IPO's do you? I think that means that the rest of the players out there give you a good value...there certainly has not been a lot of money chasing the sector, many stocks are very depressed...and trade not far from book value. The so-called first tier biotech stocks (Biogen, Amgen) and a smattering of second tier (IMNX, Sepracor etc) have done well--but it seems as though fund managers really want to own the safer stocks. That leaves the so-called platform companies with very depressed stock prices. Of course the fun is in trying to find the small biotechs that could really pop--companies which seem to have a niche. Those should get bought out or pop on their own eventually. If I am wrong, it was a fun hobby--if I am right it will be a more satisfying way to wealth than trading and playing the risky game of chase the hot sector. That said, I do not have a degree in anything remotely related to biotech, so again, kick me. (actually, I think it is not so hard to find cheap small cap biotech stocks, the sector has been so ignored you could throw darts and do okay, given a little patience--some stocks may be starting to move...check out OSIP, cant even find a reason why).