Replies to post #50943 on Biotech Values

[north40000]

I see you noticed the marked decline in HGSI p/s over the last few weeks. Any other reason beside its investments in mortgage backed securities?

On another front, I found the investment activity by French bank BNP Paribas in MEDX this past week rather interesting in light of BNP's news-making on the financial pages for yet other reasons. Note the forms 3 and 4 filed with the SEC on 8/10/2007. There is a long recent thread on YMB discussing the possible reasons for that activity.

[dewophile]

interesting - thanks for sharing
and for the laugh.."since the credit landscape got tighter than a 12-year old virgin in an ice bath"

[corky]

if the fed funds rate change take a yr to flow into economy

then those who thought the last 2 rate hikes were not needed and would cause a problem

are now proven right

more and more mortgages use some sort of short term monies and that cost of money has 3x

note that long term money 6.5% is not high

and the underline asset is < even with the down turn has held at least 90% of value>

but he hedge fund are at 0-10% of value

corky
ps this is not over yet 3 mo. of hell left