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Re: umiak post# 3522

Monday, 09/17/2012 9:10:38 PM

Monday, September 17, 2012 9:10:38 PM

Post# of 16750
Does not have much relevance for biotechs especially. By nature of industry, biotechs tend to have high risk/rewards and takes longer time to incubate. Funds take positions early on as usually a positive P3 is too late. They also have ways to own the stocks such as thru pipes, private placements etc...if you look at CLSN, some of the well known funds are already in...