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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: keokalani'nui who wrote (553)12/19/2001 12:40:03 PM
From: tuck  Read Replies (1) of 1005
 
I was expecting NWBT to break its IPO price before BAXS did, but no soap. NWBT is exhibiting the small support that held up SGEN for a little while. I might actually look to buy a little BAXS. Maybe I'll do it with Trickle first, just to have a pure X-Ray play there.

Meanwhile, since you and I both agree NWBT doesn't have much, BLUE HP will initiate a short at the current bid of $5.13 for 1000 shares. I expect to weather any seasonal effects into lock-up expiration, i.e. to hold the short for about six months. BLUE HP, profitable now, will have its numbers screwed up again by the SI portfolio interface, but c'est larvae.

Giving myself a small pat on the back for bailing on INGN at about the right time.

Edit: and I might add to the NWBT short on unwarranted strength.

Cheers, Tuck
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