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Biotech / Medical : Biotech failure, 2002

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To: scaram(o)uche who wrote (19)2/4/2002 8:00:09 PM
From: Miljenko Zuanic  Read Replies (1) of 130
 
<<This is fascinating. Can't wait to watch how this plays out. We're lucky to get a chance to watch and study.>>

Unfortunately, many were not that lucky. Yes, for now only watch. Bios looks bad (for momentum players) from last Dec., so patience may play big, in time.

<<I don't often look to see who was foolish before the fact, but is there a way to see what price targets for ELN were, back in June?>>

Have no idea. The one way is to follow reports from known *short* institutions. I do not have patience nor time to look at this. ELN short for Jan. (12,141,768 or <4%) is actually smaller that average for sector. So, there wasn't great negative view. Earning surprise for '02 is issue here and will not go away quickly.

Seems *sentiment* will spill into generic oriented comps too.

Miljenko
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