Archive for March 6th, 2009

Genentech Causes Flurry of ETF Buying (DNA, BBH, XBI, IBB)

There is a hidden twist in the increased merger price that Genentech Inc. (NYSE: DNA).  Sure, Genentech shares spiked huge on the news.  But what is interesting here is that the BIOTECH ETF’s which track the sector are spiking on the news: Biotech HOLDRs (AMEX: BBH) is up 3.8% at $62.45 on 344,000 shares at [...]

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