Biotech Values

[wallstarb]

No. There's not much news flow and we shorted many right after news events (CYCC ALTH DNDN SPPI etc etc) we have a basket of names which in our opinion will just slowly trickle much lower all summer long, essentially its the opposite trade as getting long the names in late fall early winter for the run up into Feb/March.

We normally see these sort of rotations in and out - and I attribute it to expecations of news events - most conferences are between FEB - APRIL with ASCO the END of the season then there's 8 months of slow news flow. (almost none all summer, but there's occasionally a few unexpected names - but not reason enough to get long the sector)