Good point about the general run-up in biotech's. Many
other companies have gone up during the last month or so
(like CGRN,GNTA). There seems to be a rotation of money
into this sector. Most likely profits from internuts
finding looking for a new home. So yes, a "profitable"
biotech would more likely attract new investors.
FWIW, I was looking at the short positions for BTGC. It
does seem to have a rather high 'days to cover ratio', but
nothing that seem out of the ordinary for this stock. I
would like to see the Dec. numbers. Could short postions
being covered be part of the uptick? I am rather bearish
on BTGC right now. It (price) seems to defy gravity
however, so I'll go along for the ride.:o)
Bio-Technology General Corp.
Month Shares Short Avg Daily Ratio
11/99 3,840,870 492,388 7.80
10/99 3,833,210 397,750 9.64
09/99 3,849,216 539,131 7.14
08/99 4,030,122 840,764 4.79
07/99 4,131,267 597,670 6.91
06/99 3,558,007 343,801 10.35
05/99 3,175,058 647,946 4.90
04/99 2,812,435 680,439 4.13
03/99 2,792,756 318,950 8.76
02/99 2,795,987 449,644 6.22
01/99 2,769,339 806,585 3.43
12/98 3,401,145 373,481 9.11
Jim |
