Biotech Values

[walldiver]

<<Financial services - does anyone think these big financial service companies like Bear Sterns are having to liquidate their biotech holdings and thats whats crushing the stock prices?>>

It's possible that's the case. It's also possible that the bios are getting sold BECAUSE people are anticipating that the institutions will need to sell some of their bios. Combine these two factors with the hostile FDA climate and the old axiom to sell your biotechs after ASCO and you get some pretty strong downward pull on the bio stock prices.