A number of biotechs are sharply lower amid rumors of a sizable Bio-fund going out of business and liquidating its positions. It's Ayer Capital Management according to sources, reports Adam Feuerstein. (PCYC -5.6%), (CLDX -4.9%), (NPSP -3.1%), (HALO -3.8%). Read comments
Interesting. Please keep us posted if you hear more.
I also wonder if part of the big sell-off is people who are worried about earnings because they erroneously think they matter at this point because they read those idiotic, computer generated warnings based on nothing but numbers that The Street puts out every so often.