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Biotech / Medical : Biotech Valuation
CRSP 55.090.0%3:48 PM EST
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To: Vector1 who wrote (5176)12/19/2001 10:34:16 PM
From: Michael Young  Read Replies (1) of 52153
 
I've been in KOSP for several years. Management consistently stated they were seeking a good partner. They have had plenty of time since BMY announced the deal with DD, yet they haven't found a good partner willing to offer reasonable terms.

It tells me that the sales potential isn't as high as many of us expected. This is a tremendous disappointment.

I sold out at at the open yesterday. I might consider a short position on any rally. I think the stock has significant downside in the near term.

MIKE
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