You know the news by now.What is strange about this is that so many people saw this coming including Adam Warner.
Maybe this is anecdotal evidence that the market is
Wikinvest Wire
Tuesday, December 26, 2006
Another Biotech Blowup
You know the news by now.What is strange about this is that so many people saw this coming including Adam Warner.
Maybe this is anecdotal evidence that the market is
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7 comments:
Roger, actually this is a pretty good example of market efficiency. The efficiency is in the processing of news. As soon as someone had the news, processed it and traded on it, the market price adjusted to reflect the new totality of what was known. QED.
And a very happy New Year and thanks for your excellent blog.
The Amazing Biotechs! Some of these companies have zero revenues and everything hoping on a Hail Mary with a miracle drug. Seems like there is a weekly blow up in this sector.
No thanks! I'd rather go to a casino!
Vegas baby! The tables. Woo-hoo! The pink sheets; party time!
Do brokers offer free drinks and free rooms for high rollers too?
Didn't think so.
Even betting on football games is better than holding individual biotech stocks. (neither of which I recommend BTW)
I am going through the list of biotechs that have no revenues and shorting a few thousand shares of each. Seems like I will make a killing in no time. Most are wall street hype machines run up by worth less upgrades.
hopefully for your sake you don't short the one in fill in whatever number makes sense that has a cure for something big.
"I am going through the list of biotechs that have no revenues and shorting a few thousand shares of each"
That seems very dangerous to me....
Why not take a tiny chance on a few long shots and wait?
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