BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V} Message Board

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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V}

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To: tuck who wrote (315)	3/16/2000 7:01:00 PM
From: BRAVEHEART	Read Replies (1) of 423

Hi Tuck, I too missed the floor of $17. I bought at $18. There was no real volume in the 16's. Couple fast trades. Well Bloomburg has the news on the secondary. Can't figure why Yahoo didn't pick it up. Wierd Science... Drugstore.com's Additional 6.02 Mln Common Shares Priced At 18 By Joe Celinski Bellevue, Washington, March 15 (Bloomberg) -- Following are the details from Drugstore.com's additional offering of 6.02 million common shares at a price of 18. Company: Drugstore.com, Inc. Lead Manager: Morgan Stanley Dean Witter Common: 6.02 million Price: $18.00 Amount: $108.36 million Gross Spread: $.90 Selling Concession: $.54 Underwriting Fee: $.18 Management Fee: $.18 Reallowance: $ Trade Date: March 15, 2000 Settle Date: March 21, 2000 Apparently they started trickeling it out yesterday @ $19...Ran through today @$17 Avg $18 I suppose that is how they work it. Should be an interesting several weeks. Daytraders caused the weakness midday when they exited when they realized this was a tank sitting on the ask. What's with those guys anyway. In & out in a day w/o knowing where their money is invested. About 2.5 million of the SPO appears to have traded today. That leaves 3.5 million more shares. Hmmm where are they going to pop up at. Friday could be much like today. quote.bloomberg.com I hope there is a story behind all this money being raised. Funny how they can move stock at the blink of an eye. Look over here DSCM @$18. & they get 16 times the avg daily volume. Ah Tomorrow Technicals suggest it should trade up. If the tank is still there it won't budge again. BEST WISHES Jeffrey

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