Biotech Values

[wallstarb]

Point is you can look at any stock off the bottom and say wow it's doign great. I am speaking of the time a few days/weeks before and right after PDUFA/approval and how the average stock with a positive FDA outcome has performed. I am not talking about lows from years ago which are immaterial to the discussion at hand.

JAZZ has tanked post approval and it lost about 50% from the day it was announced (premarket levels) until the bottom a few months later - it has since recoved about 1/2 of the loss - but it's a perfect example of the price action post FDA decision.