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Biotech / Medical : ARRIS - Another partner

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To: David Bogdanoff who wrote (273)	12/3/1997 3:08:00 PM
From: Andrew H	Read Replies (1) of 353

>>I have noticed that positive news seems to be built into the price of biotechs, eg Vivus with its recent UK approval and Ligand with its recent Lilly deal, and the announcement has little or no effect on the price. Arris recently announced some good news with no effect on the price. Whereas negative developments still impact a stock even when anticipated. eg Agoroun was marked as a good short on an SI thread, and when bad news was announced it was duly clobbered. In other words, the negatives on biotechs do not seem to be fully built in. Comments anyone?<< My guess is that all this may indicate a bottom for the biotechs.

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