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Strategies & Market Trends : BCRX: Target practice for shorts

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To: J.Y. Wang who wrote (83)10/30/1999 3:41:00 PM
From: jlib   of 96
 
There certainly was not enough volume to indicate buying interest. I think it is a MM walk up in preparation for the upcoming SPO. I don't have L2 though so I don't know that for sure. BCRX did just increase the over-allotment available to the underwriters for the 2,000,000 new shares to 300,000 on Friday. I would like nothing more than for this to hit low 30s again. Watch SBSH, RAJA, and HMQT (the underwriters).

Best,
Jimmy Liberato

Full link is too long for here but just go to Free Edgar and type in BCRX for the amended S-3.
freeedgar.com
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