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Biotech / Medical : Pharmacyclics (PCYC)

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To: scaram(o)uche who wrote (517)9/10/1999 11:07:00 AM
From: Biomaven  Read Replies (1) of 717
 
wow.... let's dilute more companies

It's conceivable (as I think I mentioned when the secondary was announced) that this is one of those rare companies where a secondary can actually help the stock. They have a very small float and a compelling, but mostly little known or misunderstood story. The stock has traditionally been illiquid with big spreads, and the increased attention and the increased float may well be positives.

Alternatively, we may be looking at an incipient munch - I would be most upset if this were to happen any time soon.

Peter
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