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Biotech / Medical : Biotech Valuation
CRSP 54.58-1.0%Nov 10 3:59 PM EST

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To: Robohogs who wrote (6610)6/22/2002 1:38:44 AM
From: Cary Salsberg  Read Replies (2) of 52153
 
I am not sure what I am wrong about. I certainly don't know about the science and the products, I have only been following this thread for 6 months, and I have NO position in biotechs, long or short, but my portfolio of "Emerging Biotechs", based on Peter's favorite 20 in December 2001, has gone from $76K to $31K (down 59%) and they seem less popular now than December.

There certainly are a few major successes and profits can ONLY improve at many companies, but I see a majority of public companies that would still be venture capital supported if not for a former willingness of the market to support IPOs. Obviously, my contention that the falling prices are due to the markets increasing awareness of the perils of venture capital investing is just a hypothesis to characterize and explain what I have witnessed in the market place.
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