Biotech Values

[tinkershaw]

His sideways comment was a 10 year period, so from that perspective he's correct.

So I ask, so what? I, for example, did not buy MNTA 10 years ago. It was certainly irrelevant to profits in VRTX and ELN and AMLN and QCOM and ARMH and a host of many others.

It is irrelevant to my current profits. It makes a real difference if you bought at the heights of 2000 and continued to hold vs. the troughs somewhere in 2001-2003, or if you sold out at the bottom of the latest market crash during 08-09 and then bought back as share prices recovered later.

Who here invests that way?

Tell me something useful like, what will the market do from here? And how about even more useful like, what will my stock do from here?

Telling me it is a sideways market is really useless when we have lived through the Internet boom and bubble, the bubble recovery, the real estate crash, the real estate recovery. Tell me, where we are at right now?

It is like watching the Tour de France and saying, the riders are riding a flat course (which is nearly true when you consider that for the most part what goes up must come down, but it ignores the significance of those ups). Now that is sideways riding! But it is a useless discussion for all practical purposes.

Tinker