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Biotech / Medical : Biochem Pharma (BCHE)
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To: JDN who wrote (760)6/29/2000 9:45:00 AM
From: Shack  Read Replies (1) of 783
 
Dunno JDN, All I know is there has been some major accumulation for a couple of months culminating in that 1.9 million share cross yesterday. The sale of NAVA was good especially when you figure the stock in Baxter which they were paid has risen 5% giving them a captial appreciation of about 4-5 million dollars just over the last week.

I suspect we are going much higher, at least to the top of the 5 year trading channel ($60 cdn or $40 U.S.). Watch it today, its always good to watch the stock price after a large cross to verify that the stock had been artificially held back.

Cheers,

Shack
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