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Biotech / Medical : Biotech Valuation
CRSP 56.68-2.4%Dec 12 9:30 AM EST

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To: nigel bates who wrote (2742)1/31/2001 2:28:19 PM
From: Biomaven   of 52153
 
Nigel,

It's on my list of QCHARTS biotechs, and I couldn't help noticing it at the top of the gainers two days in a row. Usually the biggest % gainers are populated by penny stocks (maybe just moving from bid to ask <g>), but every now and then a >$5 stock sneaks in.

One thing I do as a rough gauge of depth is to compare the bottom member of a screenful of gainers (corresponds to about number 50) to the corresponding stock on the loser side. Right now they are pretty close (with the #50 gainer at 5.1% actually beating the #50 loser at -4.7%), whereas the bigger cap bios and pharmas are distinctly negative today.

Does this mean anything for the future? Maybe not, but at least it gives me the illusion that I sort of know what's going on today. <g>

Peter
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