Replies to post #28698 on Biotech Values

[ToysInTheAttic]

Not eye said the blind man...
In light of the very dramatic/drastic haircuts in the pps for several of the more recent "losers" (NBIX, THLD, ESCL, RIGL for ex.) I have a question that is nagging at me...

What determines the point at which these disasters fall to on their plunge? What criteria is being used to set these price levels?

TIA
S

[rfj1862]

NBIX

I would think that at these levels NBIX would almost certainly be bought by Pfizer.

I was short on NBIX and covered a few weeks ago for a puny 10% profit. Kicking myself hard.