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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: Scott H. Davis who wrote (2455)1/3/2001 11:03:39 PM
From: Biomaven  Respond to of 52153
 
Scott,

It might be that we're seeing some profit-taking from people who wanted to defer their gains into 2001.

The other possibility is that some newly-emboldened hedge funds are mounting another short attack on biotech. Avalon seems to be heavy on the sells recently (CELG, CORR, QLTI that I've heard about) and of course they are riding high from their MAXM sell.

Either way, I agree that the trading recently has been more mysterious than usual.

Peter