Hi Jim
"I wonder what accounts for the "special treatment" DMX gets from HC?"
I can only guess, but I'd say public visibility might have something to do with it. Hemosol makes much bigger headlines than DMX, and a significant HC leak would make the sub-text of those headlines.
With DMX, I could just hear the conversation at HC: "Heck, nobody watches this thing anyway, let's see if we can do some favours for some people." (disclaimer: IMO only).
If trading volume is an indicator of public visibility, take the following example. Here's the trading volume for the two days following both the DMX and HML, Health Canada news:
HML
03/22/2002 - 699,338
03/21/2002 - 2,168,225
DMX
02/11/2002 - 53,680
02/08/2002 - 276,177
In other words, HML traded about 10x the volume on their HC news than did DMX. You can extrapolate that a HC leak would have had been of similar magnitude, and raised a few eyebrows.
joe |
