Replies to post #1240 on Oramed Pharmaceuticals Inc (ORMP)

[knick]

Are we thinking maybe end of year profit taking? Before new tax on capital gains? Any chance this goes back to mid 20s beginning 1st quarter?

[midastouch017]

Big-name biotech hedge funds have_been_hammered_ this_ year:

https://www.wsj.com/articles/hedge-funds-suffer-big-losses-on-biotech-rout-11638727155
Quote:
Perceptive Advisors, a prominent biotech hedge fund that manages about $9 billion, lost about 30% this year through November in its main fund, investors say. A hedge fund managed by OrbiMed Partners, which invests more than $18 billion in healthcare in public and private markets, has lost more than 40% this year through November…

…The SPDR S&P Biotech ETF (XBI), an equal-weighted index of biotech stocks, has fallen about 22% so far this year through Friday, and is down 37% from its Feb. 8 peak.
Unquote

Seems like ORMP got in good company.....

:-(