Sand Spring Advisors LLC
Sinking Feeling Again or Biotech Bottom?
July 8, 2002
by, Barclay T. Leib
I was surprised over the weekend that despite a large rally on Wall Street last Friday, the New York Times still ran a large headline and dour sketch on the front of its Sunday Mutual Fund section entitled: "That Sinking Feeling, Again?"
When Worldcom hearings are at the top of the business news, when George Bush is about to address the nation about making corporate executives more accountable, and when -- via large headlines and graphics such as this -- the New York Times is finally bemoaning 2002's sad mutual fund performance, our contrarian juices are ignited. Mainstream investment thought has now become negative investment thought. The New York Times, as always, is telling us yesterday's news, not tomorrow's.
It thus seems time for a rally -- particularly since we have just passed our June 28th cycle date that we nicely anticipated to be a market low. We now expect our next major cycle date of November 7, 2002 to be some sort of market high.
And what sector is most bombed out? Biotech stocks are down over 42.5% this year. Some are trading not far above their cash value. Although investing in Biotech is far from our area of expertise, in this month's subscriber-only article, we have enlisted help from others who make a living at such, and combine their views with our own technical perspectives. We also provide an update on the major equity indices and the U.S. dollar, and what we foresee for each between now and November. Subscribers are invited to click here to access this month's letter.
Non-subscribers are invited to sign up for our premium level of service below, and gain immediate access to this commentary entitled "Biotech Bottom," plus access to earlier Sandspring.com analysis as detailed below.
How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.
Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).
Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
Take me back to the Sand Spring Home Page
Comments or Problems
Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at information@Sandspring.com
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962
Best Experienced with
The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC
This page and all contents are Copyright © 2002 by Sand Spring Advisors, LLC, Morristown, NJ