Biotech Values

[zipjet]

>>Take a look at FNM, FRE, CFC or WM. Each have enormous financial leverage. Each is dropping fast. Each could easily go bankrupt if the Fed is not accommodative.

Less than 4 months later every one of those stocks has dropped in half.

They still suffer from huge financial leverage. Each risks bankruptcy if the Fed does not act or some other governmental act fails to rescue them. And that risk is higher than when I first made that comment last November.

ij