Hi Strauss. As they say ... today's news lines tomorrow's cocky cage. The bio market will turn bullish sooner rather than later IMHO on revelations of a bio success story somewhere.
Everyone knows that the asx market for biotechs is fickle, irrational, blind to fundamentals and realistic time frames. Players never seem to get their heads around probabilities of success or company fall back positions should everything not go to plan.
However if this were not all true I wouldn't be able to make any money here. You can't consistently beat a rational market.
