Special Alert — Sell These Two Stocks This Week
In his 5 Min. Forecast last Friday, Agora’s Dave Gonigam warned of a biotech bubble. You’ve already read here that my colleague Ray Blanco and I are worried about overvaluation of a lot of biotech stocks, especially some of the new initial public offerings this year. Gonigam is correct that a lot of biotech stocks seem to keep going up without any good reason. Despite mighty thin pipelines and drugs still stuck in Phase 2 trials, a lot of biotechs seem to have climbed on pure hope. But my experience with biotech stocks is that it’s not wise to think of them as a group. As is true with most things, generalizations don’t offer good information -- specifics do.
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Breakthrough Technology Alert
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