Replies to post #218934 on Biotech Values

[DewDiligence]

No, the CC was pretty dry, IMO.

[vinmantoo]

ENTA > was anything said in the CC that would trigger the selloff this morn?

That is what I would like to know. You have to consider that ENTA has been on an amazing run the past few weeks and it isn't exactly a heavily traded stock. A few big seller locking in profits can really affect the price. It already bounded back $4 from the low. In any event, ENTA stock price at $93 is more than $10 higher than it was before the recent rapid rise.

[jbog]

Enta is trading exactly, actually almost spot on, to where the Bio industry average is. 38.9 X Earnings.

Of course Enta's revenue should increase, but so will its expense side so we'll have to wait and see.

Good Luck