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Biotech / Medical : Biotech Valuation
CRSP 55.11-2.6%Nov 7 9:30 AM EST

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To: LLCF who wrote (191)4/26/1999 5:24:00 PM
From: Biomaven  Read Replies (3) of 52153
 
Some strength today in some of the second-tier-wannabees that I follow and/or own. CORR and CEPH had upgrades to explain their moves, but LIPO also jumped, as did LGND and SCIO. CELG also continues to show strength of late. Among the second tier itself, CNTO has also been strong lately amidst munching sounds.

Maybe we really are seeing some rotation down from the first tier, or maybe it's just munch-rumor-time again. The big pharmas were weak again today, but their weakness didn't seem to spill over to the big biotechs.

Peter
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