RE:Sell offToaday's sslloff in PLI has nothing to do with PLI at all. The entire biotech sector is being sold off bigtime today. All the big biopharma are down 4-7% today. the biotech ETF, IBB is down bigtime, about 5% taday. It is the only sector taking a beating in the US today. So don't worry, it has nothing to do with PLI just got caught in the overall biotech downdraft today. In a day or two or by the end of the year we will resume the PLI climb going into what looks to be a great Jan -April 2015 for the short term. Of course the long term (20017-18) look even better :-)
With any luck, PLI couldeven recover some by the end of the day.
glta
Stockman6767