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Biotech / Medical | A crash for the markets - a crash for biotechs ?

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To: trevor john wilkinson who wrote (18)	12/10/1996 6:08:00 PM
From: kevin kirkendall	of 74

I agree, When Dell passed 80, I said it cant go much higher, and have been saying it ever since. I wonder if people keep pouring money into mutual funds, that managers have to invest because they have an adequate cash reserve. Maybe everyone has forgotten the last market correction. I'm glad to see I'm not the only one who is uneasy buying stocks right now. I do not hope for a correction, but it's like having a bad tooth, you would rather go to the dentist now rather than worry about it for the next 3 months. I'm now focussing on finding good companies that may become bargains after a market correction. Good luck, the best is yet to come. Kevin Kirkendall

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To: trevor john wilkinson who wrote (18)	12/11/1996 8:04:00 AM
From: Harold Engstrom	of 74

I think the longer interest rates stay low and the longer earnings continue to climb, the higher a premium people seem to be willing to pay for stock. Many sectors are not the bargain I would look for, but biotech seems to be a decent market now. I own Biogen, Genzyme, Genetics Institute and Immulogic. Genzyme in particular seems even undervalued: selling at only twice book value, with consistent and guaranteed earnings that would seem to put a floor PE of 20 under them, and a strong potential pipeline. Not all biotechs are that strong, but there are many with great stories and huge potential. If the market fundementals like earnings and inflation turn, then everything is overvalued, but if not then prices are not too far out of whack. All the best, Harold Engstrom

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To: trevor john wilkinson who wrote (18)	12/12/1996 2:21:00 PM
From: george wohanka	of 74

Trevor, You are as you suspect completely misguided. My experience goes back to 1993. I am 21 now. There are two secrets to my success. First I always buy low and then sell high. Second the market alway goes back up. Even Peter Lynch who managed some mutual fund now says buy good companies and hold them. Trevor don't you know that being out of the market will cost you dearly? Just rotate to those sectors like the biotechs that will do well regardless of whatever else is happening. Once you have the experience that I now have it will be clear to you. AMERICA is a great county. Keep the faith. Recomend the following. Production at all of the following canot be stopped. They are all in the waste business. CACA MERDA BOSTO XIXI and PILA <g>

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To: trevor john wilkinson who wrote (23)	12/12/1996 3:33:00 PM
From: george wohanka	of 74

TREVOR OR MISGUIDED, You are mistaken again. You should be sleeping now instead of trying to talk our market down. Dole lost an election here because he was focused on the past. Get on board the train to the future. Help build instead of trying to destroy. The 21 st Century belongs to all of us. Even to misguided souls in England. Remember stocks go up if you believe they will and especially if you need the money. Don't respond anymore because you just don't get it. You talk about 1929 and 1972-73 but say nothing about far more important dates like 1776 and 1812. If we all focused on 1929 we would still be in a depression! The skys the limit!!!!

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To: trevor john wilkinson who wrote (23)	12/12/1996 4:15:00 PM
From: george wohanka	of 74

Trevor, See what you did!! Its not just Greenspan we have to worry about but offshore foreigners spreading doom and gloom about our markets. You should hear our radio programs talking about the Titanic. Was that an English ship or English iceberg. Talking about a lot of trouble if support levels don't hold. Damn! But it does not matter because my stocks will hold up better and even if they go down its only temporary. Remember June or was it July or Aug., its been a while, and I forgot when the drop occured, but stocks always come back quite quickly. This is a great opportunity to buy. Remember my tips CACA,XIXI,PILA & BOSTO. Good luck. Your market whatsit called the footsee or something will probably be down when you wake up!!!!

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To: george wohanka who wrote (25)	12/13/1996 8:53:00 AM
From: Rodney Dangerfield	of 74

Hi George, I couldn't help laughing when I read your posts, if I didn't know better, I'd swear you were my loud-mouth cousin Harold. Anyway, If you were as stock-smart as you would have us believe, you would not be so arrogant towards experience. If you have only been investing since the early 90's, so what, that was no test of skill, I have consistently made over 100% annual return since then. Secondly, I have read everything Peter Lynch has written, he provides a good investment philosophy, but does not go in depth in technical issues, (i.e. pe ratio's, pe indexing, earnings ratio averaging, etc.) How do you know the market is not overvalued, have you and your assistants done research, or do you re-hash what you hear on CNBC? The reason people are nervous about the market is because they have been in it through the ups and downs, not just a few years in the "Golden 90's". Take it from an old timer of 28, you should be listening to the "old timers" who have made their fortune, not telling them how you will make yours. P.s. Even Peter Lynch admitted that often times, he was surprised at what his stock and the market did. The only thing any of us can hope for is to find undervalued companies.

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