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Biotech / Medical : Ionis Pharmaceuticals (IONS) -- Ignore unavailable to you. Want to Upgrade?


To: IN_GOD_I_TRUST who wrote (2188)8/7/1998 5:10:00 PM
From: Scott H. Davis  Read Replies (1) | Respond to of 4676
 
Steve, which biotechs get hit when is a mystery to me the last 2 months. Partially its tied to when an institution or fund reduces or closes out a position. LGND is actually slated to be marginally profitable next fiscal year. They have more items in advanced stages, but their chart is nasty also. Here's a selection - 3 biotech funds and a collection of biotechs I currently or recently followed.

Warning, the following graphic is rated "N" for Nasty.

quote.yahoo.com

I don't understand the market's response to this sector, so I look for good points of entrycombined for good clinical progress with promising technology and go with it. Ultimately these are some long term winners. IMSCO Scott

Here's some good comments underscoring the valuation disconnect.

biz.yahoo.com



To: IN_GOD_I_TRUST who wrote (2188)8/7/1998 5:34:00 PM
From: Scott H. Davis  Respond to of 4676
 
One further thought, Looking at the chart, there is support around 12, and ISIP help up pretty well here last few days. Anybody buying in or adding to their positions should be in pretty good shape due to the favorable upside/downside exposure at this point. Scott