Biotech Valuation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech Valuation

CRSP 57.43

+0.7%

2:52 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IRWIN JAMES FRANKEL who wrote (4203)	6/27/2001 9:44:30 PM
From: Biomaven	of 52153

IJ, Haven't done any "scientific" studies on the reaction to offerings at all. On an observational level, the reaction to offerings marked the turning point in the big bubble last year. On the way up, stocks typically increased in price when an offering happened - presumably because some institutions weren't able to get their fill in the offering. When that premium disappeared, so did the bubble. Usually PIPES produce some weakness, as the buyers flip the shares quickly. Converts don't produce weakness until the conversion price is exceeded. No idea why the weakness in ITMN here. Might just be some short-sighted institutions reacting to earnings estimates coming down, or people not understanding their deal with AMGN (which I'm not completely convinced about yet myself). Peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next