Vertex, jetzt kaufen? Oder noch warten? - 500 Beiträge pro Seite

[erik der große]

Man lese den letzten Satz:

Biotech: Sell High, Buy Low

Emily Hall, biotech analyst for Morningstar.com



Although during much of 2000 anything remotely connected with
human genome skyrocketed, Hall had difficulty recommending
stocks.

Hall was especially critical of young firms that were several years
away from profitability, such as CRA and HGSI.

Now in 2001, we’re seeing reason returning to sector. Hall sees
recent slide as value correction. But doesn’t mean Biotech is
dead.

Over past 10 years, AMGN and IMNX, have delivered innovative
therapies that have improved patients’ lives and shareholders
accounts.

Hall’s Do’s and Don’ts for Biotech Investing:

Don’t get blinded by science: Companies need a solid business
plan, profitability target, a strong balance sheet and reasonable
valuation. Last year CRA traded as high as $276 a share and the
stock is now trading around $35 a share. Remember science
alone is not enough to invest in a stock. IMGN and MLNM are
other companies that need to be evaluated on more than their
exciting directions in science.

Do pay attention to biotech stocks’ valuations: Biotech stocks
usually trade at a premium to the market but not outlandishly so.
HGSI is an example – it has no product on the market yet but has
a market cap of $5.2 billion. By contrast BGEN has a market cap
of $8.9 billion but had revenues of $962 million.

Don’t performance chase - One of worst ways to buy into any
sector is just because it’s been hot. You should believe in the
sector’s long-term potential and buy when near bottom.

Hall says there is still excess valuation in sector. Advises investors
to be prepared for continued volatility.

Hall’s picks:

DNA, GENZ, AMGN

For very aggressive investors:

VRTX.

[57er]

Vorsicht ist noch angesagt.
Ich hatte neulich auch mal gepostet: VERTEX jetzt kaufen.
Es ist noch zu früh. Ich habe mich geirrt. Der Abwärtstrend
ist noch intakt.

Mein Tip: Citibank Call, 767436, Basis 75 $, Laufzeit
17.07.02 (!!!), kaufen bei 8 Cent (Euro), verkaufen 12-14 Cent,
denn VRTX geht zur Zeit wie ein Jojo

Ciao 57er

Die noch heißere Nummer ist: 767437, Basis 90 $