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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (52)5/27/2001 12:46:28 PM
From: tuck  Read Replies (2) of 1005
 
Latest thoughts on GNSL:

Message 15859623

One highlight: CEO said in a webcast earlier this month that they had $40 million in cash. Here Yahoo!'s info is stale (they say $33 million), and their institutional info is just wrong. How could a recently public company only have .3% institutional holdings? It is currently close to 35%, with JP Morgan a large holder.

biz.yahoo.com

Insiders have been selling, but the flow got slow when the price got below $5.

insidertrader.com

My guess is that this one would be good for trading doubles, with moves above $8 being sold into somewhat by insiders. I will put GNSL in my stable of trickle companies to watch. I'll probably be trading in and out of half a dozen or so, such that they represent no more than 30% of the holdings of BLUE HP. Then, as the overhangs get worked off, and success becomes more apparent, BLUE HP will hold a select few for a while (but that's looking into next year).

smh, who follows the company, will likely also have something to say soon. Stay tuned.

Aside to hmpa: no luck on HBIO quarterly CC; it has expired. So no Q&A, but I believe they presented at Dain Rauschers; I'll have a listen & report. Have you any color of your own?

Cheers, Tuck
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