Biotech Values

[linhdtu]

I have been buying dndn with the proceeds I get from trimming my mnta stake.

Since when is Biotech investing about earnings ? Most of the biotechs discussed here or anywhere else ( from the 1-2$ range up to the 50s like vrtx) hardly have any earnings.

To me, biotech investing ( actually speculating ) is all about expectations , whether it be phase 2 , phase 3 or advisory committees votes or fda approval, future (underline that heavily) sales etc ...

In the case of dndn, expectations were high and now they are low. Retailers piled in along with big hedge funds (Cohen of SAC, Soros among others ) and now they rushed out.

At sub 10 , dndn is a good gamble for a contrarian type like myself.