Avid Bioservices Inc (CDMO)

[north40000]

I posted elsewhere today the thought that markets in general are relying/trading less on perceived future value of shares of a given stock. Rather, the trend appears to me that the markets are relying/trading more on actual present value of shares, reflected in actual earnings/share. And that may not be enough.

That may be a partial answer to your views... look what AAPL, GILD, and others traded at today. Icahn thinks AAPL share price valuation is insane. GILD may be waiting for earnings announcement early Feb.

I do have one question. The market today seems to have taken its 10:15 dump on announcement of oil and gas inventories and consequent further decline in gasoline prices. But why should should such phenomena have any effect on the biotech sector in general? IBB, for example, had been + for the day until mid-morning, but finished lower by > 2%. A one-day aberration?