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DewDiligence

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DewDiligence

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Re: Biowatch post# 36273

Wednesday, 10/25/2006 10:39:36 PM

Wednesday, October 25, 2006 10:39:36 PM

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>Is that due to poor market conditions in general, or in biotech, or because of the current competition in their market niche?<

It’s due to too many biotech IPOs chasing too little speculative money (#msg-14203215).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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