Biotech Values

[BTH]

In 2009 IMO it was best to buy blue chip companies with stable balance sheets, they were going to survive no matter what

Or you could have bought about a dozen small-cap biotech stocks with promising pipelines who were trading at around $1.00, some .50 cents, some less than .50 cents, all trading at those levels because everyone thought the world was going to end and they were going to run out of funding - risk, was literally thrown out the window, and then some. For instance, one stock I bought a lot of (and wish i had bought multitudes more) was KERX. It got down to below .15 cents. I think the lowest I bought shares was .12 cents. I sold (too early, but can't complain) at ~$4.50....a RIDICULOUS % GAIN. HGSI (.50 cents!!!), DNDN, INCY, ARIA, EXEL, JAZZ, you name it. If you were in a gambling mood, and thought the capitulation moment happened, and had cash, you could have picked up some promising names at prices they should have never gotten to.

Fact of the matter is, EVERYTHING was thrown out the window. Blue-chips and the risk names. For the conservative types, the Blue Chips would have paid off nicely. For the gamblers, and people who really believed in the promise of the drugs in the pipeline, if you had the powder, you could have made a freakin' killing.

'Twas a really really scary time (and despite the buying opps that it opened up...i would never want to visit that time again).