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Re: steveporsche post# 191

Monday, 08/13/2007 1:40:23 AM

Monday, August 13, 2007 1:40:23 AM

Post# of 1467
Probably one of several bio short targets of the quant black box funds run purely by computers as it would screen poorly on price to sales and PE. Those funds were unwinding leverage last week and hence several small cap bios got nice pops. Key question is if they come back and short more. Not saying its rationale but IMHO it is part of reason bios have not participated in latest bull mkt other than the largest profitable guys going through the growth spurt (does not include biggies DNA or AMGN given bad screening on value for the first and growth for the second over last few years - DNA probably now screening better).

Jon