Cramer and others have said Biotechs are a Bubble.
Who are they to decide, after all Biotechs are what Large Pharma's wants, small biotechs are the oens who are doing all the work for drug development. Competition creates pricing for a competitive pipeline. So who are Wall Street to decide?
The only reason Cramer is saying this is he and his buddies are shorting a bunch of biotech companies. Anyone that thinks Cramer says anything not for his own financial gain need to get out of the market...
Benny...nice analyzing. I tend to agree that the small bios are the ones doing the heavy lifting and the big boyz are sitting back and watching which ones could make them the most money for a buy out.
It is an opportunity for the small investor to really do some DD to find the good ones and speculate on what the big boys are thinking. I'm not sure they will touch this one yet, but the price is right.