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Strategies & Market Trends : The Thread

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To: SirRealist who wrote (48183)5/23/2001 5:32:33 PM
From: SirRealist  Read Replies (1) of 49816
 
09:55 ET Genome Thera (GENE) 10.41 +0.91 (+9.5%): Ladenburg Thalmann morning drawing buyers to the stock; GENE was one of four genomics stocks initiated this morning by the firm with Strong Buy ratings; causing stock to stand out from the rest of group is firm's extremely aggressive price target... Ladenburg Thalmann sees stock reaching $84 over the next 12 months; expects company's expertise in using pathogen genomes to lead to the discovery of several anti-infective agents; firm arrives at valuation using a multiple to R&D expenditures, which averages 54x for drug companies and 65x for large cap biotechs.

But see how they do the valuation:
www2.marketwatch.com{4BA6365C-336A-4F39-842D-FCF8BAF80F37}&symb=GENE&sid=1285

Key will be if it breaks 14 tomorrow; if so, it can easily run to 18. I suspect it will at least hit 16 on this report, and other bios may follow tomorrow.
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