Biotech Lock-Up Expiration Hell Portfolio Message Board

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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (245)	7/10/2001 1:31:23 PM
From: double-plus-good	Read Replies (1) of 1005

Tuck, I appreciate the work you are doing here on this thread and elsewhere in the BTK discussions. I started positions in CURN, VGNX, GNVC and DPII thanks to some of the posts on this thread. The over riding concern it seems in BTK land is the FDA question which I have seen looming over the big daddy's of the index for the last couple of months. The charts threaten significantly more downside. On the plus side, however, capitulation in biotech stocks usually is more demonstrable than in other areas. I am adding to short position on momo WFHC, which is a competitor of the just gobbled DRMD and which I managed to hold shares in from the Dec bottom to the buyout. WFHC now trades at an equivalent price to sales premium as the DRMD purchase price. Based on that and the economic condition of the company I added a second installment to the short I started at 9. This one seems over extended. all the best ++good

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