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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: scaram(o)uche who wrote (61)5/30/2001 3:01:43 AM
From: tuck   of 1005
 
Rick,

Interesting test indeed for Rigel, BLUE HP's case study of an unlock unfolding before our very eyes. Whack, right at the open! An immediate drubbing that exceeded my expectations, then a partial recovery. Set up before the long weekend so the insiders could sleep a little better? Or nervous swing traders figuring that would happen? Ahem, like yours truly, who bailed around $6 a while ago in real life. We'll have a better idea when the 144s for today either show up or don't. Meanwhile, the drama in pictures is instructive in other ways:

siliconinvestor.com

For a link to the daily, goto #60 or make your own with the above. BLUE HP's initial buy target is $4. Under 3 1/2, backing up the truck. Or "overweighting," if you prefer.

Cheers, Tuck
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