I must admit, I don't know what the BTK is comprised of. With some modest research, I suspect that information could be accessed. So, if you are truly interested, that would be the route I would suggest.
Why not use LGND's low set last fall? Because the thread inception, when the term "Breakout!" is used, seems a much more reasonable, longer term benchmark IMHO. BTW, the BTK is up about 115% vs. LGND up 93% from LGND's low last fall.
Using the rationale of using last fall's low, then one could also choose to use LGND's 5/28/96 price of 19 1/8 (BTK up 55%, LGND down 44%), or 18 3/8 of 10/16/97 (BTK up 30%, LGND down 42%). |
