Replies to post #56906 on Biotech Values

[oldberkeley]

You're making statements about "what is happening in 2008."

Dude, we're three hours into the first trading day of the year! Give it a chance.

[exwannabe]

RE: Tax loss selling puzzle:

The effect is real, but 1/2 day on 3 stocks is just a tad short of a real sample size for verifcation.

Plenty of N=300 trials show efficicay, and your n=3 fails :-)

[bladerunner1717]

croumagnon,

I think the "January effect" may well be overridden by $100/barrel oil and the continuing subprime housing/mortgage crisis which, I believe, is far from over. And a recession may be looming. Some analysts say that the recession has already begun, but the numbers are lagging.

I expect the Fed to come to the rescue with lower rates and more liquidity. I would expect, at least, a full-point basis cut in the coming year.

But all this means that January as a harbinger of things to come may not prove true this year. But then again....who knows?

Well, I guess no one can attribute today's market woes to tax-loss selling. (LOL)


Let's hope 2008 is a lot better than 2007 for small-cap biotech investors.


Bladerunner