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Biotech / Medical : Pharmacyclics (PCYC)

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To: scaram(o)uche who wrote (663)12/15/2001 10:45:43 AM
From: Sam Citron  Read Replies (2) of 717
 
PCYC Investors, Speculators and Spectators:

Now that the bloodletting has or is taking place and the shorts are eating their pudding, I am curious about the degree to which the confidence of longs and former longs has been shaken, not in Xyctrin but in PCYC. I am a potential long with a "blood in the street" buy discipline. PCYC came up on my screen and I am in the process of doing my dd.

What concerns me at this point is lack of transparency. It appears that Thursday's cc webcast is already "unavailable", not even 48 hours later. videonewswire.com
Is this conventional or exceptional for PCYC?

Furthermore, the clinical trial press release was 3:59PM EST, which conveniently let someone out the door with 500,000 shares at only a $2 haircut. bigcharts.marketwatch.com
How often are these "mistakes" made?

These are my first red flags. I'm sure there may be others. Care to educate me?

My cardinal investment rule is that if I have any substantial doubts about the basic integrity of top management I stay away.

Should I?

Sam Citron
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