For about the last year, surfing around and reading
about biotech stocks has been a very interesting
hobby for me. I have become absolutely convinced
that, as a group, biotechnology is the cheapest
sector of the market in which to invest--and in
my lifetime, the biotech sector has a very good
chance of showing the greatest change and growth
among all sectors of the market (probably followed
by computers...but that sector seems "overcapitilized").
I placed this new thread over here in the market
trends section, in the hope that it will attract
some of the folks on SI who do not generally hang
out on the biotech threads--of course everybody
is welcome to come chat it up in here--drop of an
url, point us to exciting PR, other threads, other
posts etc.
I may start up a couple other threads under the
heading Cheap sectors>biotech___, but Cancer stocks
seem often to be the ones that capture the publics
imagination, so it's a good place to start.
After you throw out of the calculation a few of the
big stars of biotech, Amgen, Biogen, the rest of
the Biotechnogy sector only has a market cap on the
order of a couple hundred billion dollars. In fact,
in a TIME magazine article of 5/18/98 that number was
said to be 110B (which seems incredible, so that is
why I marked down 100-100B...if somebody has a new
number, please post it).
Anyway, that number is absurd--why that is the marketcap
of America Online! AOL is not going to cure cancer in my
lifetime...but many cancers probably will be knocked out
in the next few decades. The companies that have key
patents and technology could and up raking it in.
Hey it's a place to start shopping for some stocks,
lets begin.
--Mike |
