TGEN - Targeted Genetics Corporation Message Board

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Biotech / Medical : TGEN - Targeted Genetics Corporation

TGEN 9.760

-1.3%

Nov 3 3:59 PM EST

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To: Mike who wrote (203)	8/1/1999 10:31:00 PM
From: Mike McFarland	Read Replies (1) of 557

I don't know what to make out of it, the market's reaction has certainly been tepid. Elan purchased $12 million of Targeted Genetics convertible exchangeable preferred stock. _________________________________________________ Begin banter mode. I see those words and shudder...but maybe it was done well enough to protect the common shareholders. Certainly anything that freshens up their cash position is a good thing. As far as playing with these little biotechs, I'm just about out of words--essentially at my breaking point. I've been punished in one issue in particular, probably due to the combination of a floorless convertible and the shorting of the common it attracted. Meanwhile, the large biotechs are really doing well in this market. I suppose I should not have been so naive to think biotech would be the sector that escaped the "gorilla game". People just love those big caps, safety (or delusion) in numbers. You will know when my stop loss is hit--I think it's just seven or eight grand away. Poof! I'll be gone from these threads.

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