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Biotech / Medical : Biotech Valuation
CRSP 53.47+0.3%Nov 28 9:30 AM EST

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To: keokalani'nui who wrote (1782)10/3/2000 9:40:44 AM
From: Biomaven  Read Replies (2) of 52153
 
ITMN weathered lockup release very well. SGMO's lockup ends today.

Yesterday's slaughter of MEDI is an illustration of the vulnerability of the first tier stocks to anything even hinting of a slowdown. I might be tempted by their new bargain price except I already have an indirect play on them via BTRN. My calls on the BTK index certainly benefited from the MEDI problems, although overall they are only back about to what I sold them for. (My other biotech long holdings are higher over this period). Kind of comforting to see a big green plus amidst the red yesterday, though.

Peter
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