Wednesday, October 7, 2009

Mkt, Biotech Pause on Wednesday 10.07

Wednesday 10.07.09:
DOW -5.7(.06%) @9,725..NAS +6.8(.32) @2,110.. SP500 +2.9(.27%) @1,057

BIO-Stem Index:-.41(.3%) @142.92 (+42.93% ytd)
BIO-ETF Index:-.45(.4%) @111.52 (+11.52% ytd)

The market paused on Wednesday, flat today after two days of 1% jumps. Biotechs were off a little more than the market, but only slightly. RPRX jumped 109% after positive testing on a drug that increases testosterone - the story is here

Stem Cell Stocks (12 up, 19 down)
Big Winners:AVII +5%, CRIS +3.9%, SQNM +11.2%
Losers: ASTM -9.3%

Swine Flu Stocks
AVII +5%, BCRX -.4%, DVAX -2.3%, GILD -.9%, INHX -6%, INO -4.4%, NVAX -1.7%, SIGA -1.7%, SVA -.55%
Other Flu: APT +8%, CVM +6.5%, HEB +2.4%, PURE +2.4%

Other Biotech
Big Winners: ADLR +5.9%, AVNR +13.6%, CTIC +16.3%, PLX +4.3%, QGLY +8.1%, RPRX +109%, SOMX +9.4%
Losers: ACAD -4.2%, ANDS -6.75%, CGEN -9.2%, CRXX -4.4%, JAV -8.3%, SGMO -9.8%

SubMicro: GETA -7.8%, GTCB -7.8%, HEPH +10.1%, ONSM +6.2%, THLD +14.6%, YMI -4.4%

New Intraday Highs:APT, DVA, SLXP, WYE

Disclosure: Long DNDN

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A company issuing stock gets it's money when the stock goes public, called IPO for Initial Public Offering. However, if the stock takes off due to future expectations, the company can capitalize by issuing more stock and raising money near the current price, so investing in these small biotech companies increases their chances of succeeding by raising enough additonal capital that they don't need to take on debt.

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