It is a slow night as I wait for Santa's visit tomorrow night and with all of this posting about the woes of biotechs, I happened to be looking at Monday's edition of IBD and the market results of last Friday, December 19. What caught my attention was the following and please be aware that in some cases the symbol might not actually represent a stock that is related to the health industry. I tried to discern in some cases that they applied to the area just because of their name association. The following are the stocks that hit a 52 week low so just think of the number that might have been only a few pennies from hitting their similar low:
amln, avec, arrs, basi, bioi, kdus, ccvd, crdn, chir, ctsi, csep, cvas, cyan, ctii, enmc, emlx, epmd, dhti, epto, gnity, ufem, tmed, slmd, sumt, relv, radif, oxhp,przm, next, nexr, imgx, nema, team, nmfs,nanx, mrii, lase, chai, flshp,hart, hyalf, hyso, imti, imgn, imri, orex, isip
These are just the NASDQ stocks for the day. If there is any question that medical/biotechs are in the dog-house for investors, this sure opened my eyes. It appears that LGND is not alone in this tail-spin. For a contarian view, can this be the bottom? |
