It's an interesting point. However, I maintain that we live (and trade) in quite different times now than back then. That was after the end of the dot-com boom and everyone were predicting bio-tech to be the next boom.
Perhaps people are a little more wary now?
I guess none of us can predict the future. However, I think that this time we may be looking at a slightly different beast. Of course there will always be traders in there for their quick bucks but a good FDA approval may well (after being duly digested) bring a few more fund managers on board. Consequently, the spike effect may be less pronounced this time around?
Remember also that the Japan approval is due anytime now too.
CST Price at posting:
0.0¢ Sentiment: None Disclosure: Held
