This past week we have seen Biotech Indexes falling sharply. In addition there has been a massive Swine Flu Stock sell-off. Stocks of note are Novavax (NVAX),
Sinovac (SVA), Biocryst (BCRX), AVI Biopharma (AVII), and Dynavax Technolog (DVAX).
NVAX: 090109 6.65 high, Today at 3.81-- 43% loss
SVA: 090109 10.46 high, Today at 7.90-- 25% loss
BCRX:091509 11.67 high, Today at 8.26-- 29% loss
AVII: 090109 2.08 high, Today at 1.58-- 24% loss
DVAX: 091009 2.55 high, Today at 1.80-- 29% loss
Today's selloff is a sign that these stocks are solely trading on hype and volatility, this hype could come back but these are volatile stocks that will rise and fall sharply. Yesterday's crash appears to have come from Congress'
Health Care 80B Dollar Bill vote. In news today, the
Senate Votes Down New Pharma Cuts. We have the G20 convention in Pittsburgh this week. But there is a lot affecting the market the past couple of days. The
Federal Reserve has people talking too. Today, the
Fed moves to be sooner, faster, stronger: Warsh, meaning faster rate hikes in this case.
The market recovers slightly only to be set back down quickly to previous gains. It a state of reflux that is unpredictable. I see the swine flu stocks coming back but I do not think they will return to previous highs any time soon. Maybe at the height of
flu season but with an early flu season we could all have some immunity to it by the end of the season. It's not that bad but it is a very contagious flu strain affecting young people at alarming rates. I do see these stocks rising again but there is no way to tell.
Image via Wikipedia Here is a really informative article on the History of the Flu by Quintiles White Papers. PDF format is the link below. It's Flu season again. Companies are ramping up their stockpiles of Flu Vaccines and you can get the flu shot at Walgreens and CVS these days. 
