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Biotech / Medical : Biotech Valuation
CRSP 59.10+7.2%10:46 AM EST
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To: Biomaven who wrote (3177)3/23/2001 4:40:23 PM
From: Ian@SI   of 52153
 
My guess is that when there was heavy institutional buying for the last hour yesterday, the shorts once again realized that they can't get free money forever. Indiscriminate shorting is probably just as dangerous to them as to the buyers of the Internut bubble.

And shorting ALXN well below its cash value / share while it still has a very high potential pipeline probably is a very difficult way to make a buck. Similar statements could be made for every other great prospect in the tables published on this thread during the past few days.

Just my WAG,
Ian.
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