Cadus Pharmaceutical Corp. (KDUS) Message Board

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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS)

KDUS 1.600

0.0%

Jul 2 5:00 PM EST

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To: BulbaMan who wrote (443)	12/20/2000 1:28:41 PM
From: tuck	Read Replies (1) of 1833

BulbaMan, You really think BMY would parcel the whole thing out in a chunk at the bottom? Stranger things have happened. I don't know BMY's corporate culture, but I imagine this is a mindless policy move: we are no longer partners with Cadus, therefore we must sell its stock. So the order goes down the chain of command to get it done by x time. It gets shopped as a bundle, but no one's buying because of market conditions and lingering uncertainty about the patent situation. Meanwhile, to make some headway towards the deadline, they start liquidating the position; ever so slowly, because the stock is so thinly traded. And all that paper work means some drone gets to keep that job for a while. Another idea is that BMY has some gains to offset, and this is a way of fine-tuning. Basic tax-loss selling. Just my imagination at work with the information at hand. Cheers, Tuck

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