Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm beginning to build a substantial position in JBIL, now that the techs are getting a justly deserved hammering.

As I see it, many tech investors have, through force of habit, been whistling past the graveyard on the Asian fiasco. You can't always just "buy the dips" because sometimes the dips are the result of something less than transitory earnings worries, but a reflection of economic changes which can do great harm to high-flying stock valuations. I believe this is one of those events.

Nevertheless JBIL has now been knocked down to a reasonable level, and does appear to benefit from cheaper Asian parts and labor.

However, I am becoming convinced that tech is not the place to be in 1998. Instead, biotechnology is going to be the hot sector. This industry is where the PC industry was in the early 1980's, on the verge of explosive growth.

Look for stocks with new drugs on the verge of approval or rollout. Try Molecular Biosystems (MB) or Immunex (IMNX).

MB has a Fool folder and a website at
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.