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Biotech / Medical : CYPB - Cypress BioScience

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To: tuck who wrote (545)2/24/2000 12:28:00 AM
From: BRAVEHEART  Read Replies (1) of 586
 
Hi Tuck,

Yes sure the volume is down. However there is a clear objective with CYPB's trading pattern. Exceed $5. Get Funds buying. Yadda Yadda Yadda. this will come to pass mark my words.

A. The stock IMO has been way undervalued for some time. Of course allowing insiders to get their fill & more importantly dry up the "old float". There was significant remaining disgrunteled shareholder resistance through $5. Today was likely the last gasp of these folks. You know the story sell on news.

Well with much of the old float changing hands recently we have remaining ( after today ) shareholders who anticipate higher values. Hence buying should rule for a tad. Today we saw a classic accumulation base. Especially characteristic of this stock IMO in advance of each gap up.

The M&M's could have easily allowed the stock drop to $4.25 today. However that would have created competition for shares. Ask yourself this. "competition with who?".

No Tuck I have a hard time believing this one is played out. I personally anticipate a Gap up to $5.5 before the next event...EARNINGS...From there we have EUROPEAN consideration & then the HCFA. PROSORBA has considerable cash flow implications L/T to CYPB & Shareholder value. Insiders have been realizing this. I believe parts of the street have started to take notice with the HCFA approval process which IMO is a nobrainer considering PROSORBA's successes.

BEST WISHES
JEFFREY
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