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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (243)7/10/2001 12:33:30 PM
From: tuck  Read Replies (1) of 1005
 
Back in BLUE Hell again:

ABI warns and rises, after BDAL issues reiteration and gets whacked. Strange world. Presumably, folks focused on ABI's solid consumables sales, and continued slump in instrument sales and applied the latter to BDAL despite the reiteration (worried about guidance, no doubt). Note that ABI sells a lot of instruments that BDAL does not, and that ABI did not breakout their instrument sales in their warning. So perhaps the real problem is

insidertrader.com

Now three employees selling a few thousand shares doesn't sound like much. But they didn't own much, and their sales amount to near liquidations of their holdings. Inconclusive, but not positive.

BLUE HP will set its sell targets accordingly, i.e. half position in the 16s, the rest ~$18. BLUE HP will continue to nibble it first. Possibly dead money for a few months, but it can move fast when it does move. There should be some trading opportunities along the way.

Cheers, Tuck
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