Is there another dot-com bubble?

Stretched valuations in Australian tech and biotech stocks have created opportunities for short sellers.

Summary: Several Australian emerging healthcare companies have recently seen spectacular share price rises, followed by a crash. In the US, the tech and biotech sectors are showing signs they are heading towards a bubble. Locally, evidence is emerging of a second dot-com bubble.

Key take-out: When investors misprice the risks in some companies and stretched valuations come crashing back to earth, short sellers can profit.

Key beneficiaries: General investors. Category: Shares.


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