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Biotech / Medical : Biotech Valuation
CRSP 57.31+0.4%2:36 PM EST

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To: Biomaven who wrote (8297)5/8/2003 9:46:17 AM
From: IRWIN JAMES FRANKEL   of 52153
 
KOSP - I had predicted eps of 0-10 cents. So 8 cents was fine with me.

If the stock had moved on that news I would have held.

However, the picture painted by PR was unduely rosey. I sold out after the open on a 3.5 point bounce to 24.50.

Seems to me the stock got ahead of itself.

Sequential revenue growth of under 4% (after taking out the accounting adjustment) was disappointing to me.

ij
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