|To: Edscharp who wrote (32)||6/8/2004 3:01:41 PM|
|From: Mike McFarland||Read Replies (1) | Respond to of 124|
|heheh. The universe of biotech is full of|
stars. Expand your field of view to the
stuff the VC's have on their websites, and
you will really go crazy.
Which stars are expanding or collapsing,
which will go nova?
Let me tell you the things I know for sure:
1. Kalamata olives are really tasty.
2. George Bush is not the sharpest tool in the shed.
3. A fall down laughing fit is better than sex.
That is pretty much it. And I've been on the
planet for coming up on 38 years! Notice
I did not put on the list which biotech you
need to load up on. fwiw, I would not have more
than about ten percent of my net worth in tech.
Sadly, I only follow biotech, so I keep lots
of tbonds, knowing not what else to do these days.
I love the scoldings I get, for not having all
my money in the market--"...at your age, you should
own stocks!" Balderdash. History repeats, for
all we know, a melt up Nasdaq party into the
first part of the summer could end like 1929.
Yes, a little DD, and you may score some decent biotechs.
But nobody knows anything for sure, got to expect the
unexpected. Except for those three things I listed.