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smccarro's last post was right on. Companies like ABSC
should of increased in value following the Clinton-Blair debacle. Instead the whole sector tanks regardless of where the individual companies niche and profit potential is.

The lesson to be learned here is that a large number of shares of these companies are held by people who have no idea what they do. That ignorance leads to the herd mentality resulting in the recent unprecedented volatility. Those of us who do our DD, and buy because we understand what they do, and how profits will be made, are at the mercy of the stupid.

So, the bottom may not have occurred yet, nor will the volatility in the biotechs lessen. We live in fear of the next press release by a politican, or some self promoting media fear monger, or greedy fund manager yapping heads' comments that will cause the next wave of mass hysteria selling.

No, it isn't over by a long shot...

best regards

rog

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