William: "Not properly understood"??? Pardon me, but HUH!! Ohhhh, I don't think it's that at all. The language was clear, and unambiguous even for a layman such as meself(I'm an "expert" in the Telecommunications field).
What I think has happened here is that firstly, BIOM ain't YET all that visible to the market community. That plus the market, generally speaking, fully understands bio-tech Phase I/II/III/Fed review time-frames(imho). Secondly, all the hype from this weekend stimulated that new phenomenon known as the daytrader crowd. New? Yah.....because although traders have been around since the market was invented, internet accessibility has taken the role to entirely new heights, where everyone and their mother with a PC starts to view themselves as a "Master of the Universe" type. When you combine this with their long-term horizon of half an hour.....well, 'tis a volatile mix which leads us to this day of market/equities being easily "roiled", no? Caveat....this be all merely me opinion, of course. Heh!
Bottom Line? BIOM is a GREAT long term speculation. One which I continue to add to my holdings at judicious moments. The news, after all, just keeps getting better and better with nary an inkling of it turning bad.
John~ |
