Good luck then! If you are right, that's a nice trade.
Biotech is all about hype and not about the facts. We all know that.
I've seen the wireless and dotcom hype of 1999... the 911 hype for security stocks... the Bird Flu Hype.... the oil cleanup hype after the Gulf Oil spill (that one never amounted to much).... and now the MJ hype. I've learned two things: (1) they always fall back to earth, and (2) if you can guess what the next hype will be and buy those stocks early, you will make a lot of money selling to the greedy and the lazy who want to get rich quick without doing any DD.
Did I miss any? When the banks crashed in 2008, all penny biotechs shot up in 2008-2009. but that wasn't "hype" really. That was noobs saying "I've always wanted to get into retail stock trading, and I know I'm smarter than everyone else, but I've been afraid -- this looks like a good time to get in, and look at the gains on these penny biotechs!"
