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Biotech / Medical : Biotech Valuation
CRSP 53.33-0.4%Nov 26 3:59 PM EST
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To: Jibacoa who wrote (6863)8/6/2002 12:00:06 PM
From: Zirdu   of 52153
 
<<I believe "value" depends on what people are willing to pay at any particular time and that depends on many variables.>>

I think that is called "price". Unless you believe in a completely efficient market, then value and price are rarely equal. Our job, as investors, is to pay a "price" for stocks that is far less than their intrinsic "value." Or to sell at a price that is far in excess of extrinsic value.
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