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Old Frank P

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Old Frank P

Re: Croesus I post# 228

Sunday, 07/07/2002 2:57:23 PM

Sunday, July 07, 2002 2:57:23 PM

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Peter, for the first time since the beginning of civilisation - the biotech index is following the broad markets. Now why is that? Could it be accounting problems? Personally I wouldn't touch this sector until we see two things; one, capitulation ... two, J&J buying up the juniors ten at a time. I'm thinking consolidation in this sector is the inevitable bottom.

Regards,
Frank P.

Regards,
Frank P.

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