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Biotech / Medical : ARIAD Pharmaceuticals

ARIA 23.99

0.0%

Feb 17 4:00 PM EST

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To: Pseudo Biologist who wrote (632)	8/9/1999 9:59:00 PM
From: John Dwyer	Read Replies (1) of 4474

I see I opened a can of worms here... but frankly, I still don't see a striking correlation between Brown-Simpson and the demise of these companies. The oil company you mentioned was missing earnings forecasts by a wide margin over the same period. This could easily of accounted for the prolonged drop. As we all know, many microcaps in the healthcare sector faded away over the same 1 1/2 to 2 year time frame. I can show you a dozen charts that look like these where Brown-Simpson or any other firm was no where to be found. I'm not defending these guys, I have no idea who they are or what their motives are. This whole convertable issue seems fishy to me, I don't like any of it. My hope is to find out just how toxic the convertable is and whether a massive conversion/ redemption could occur in response to positive news or a potential takeover. Thanks again for all the info and the mature responses. I would probably be lynched on the Yahoo thread. John

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