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Biotech / Medical : Biotech Valuation
CRSP 55.06-2.9%3:59 PM EST

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To: Biomaven who wrote (6075)4/3/2002 12:55:36 PM
From: tuck  Read Replies (1) of 52153
 
Peter,

Or anyone. On similar lines, but somewhat OT in that it doesn't much relate to valuation . . .

I was wondering if another good time to buy is when a stock approaches lows, announces a shareholder rights plan, and goes down a bit more. Perhaps the second downdraft is a final wave of selling from nervous nellies who figure there must be something bad happening for such a measure to be taken. Today's case is CRGN, which I have again bought for a swing trade as it approaches lows after just such an announcement.

If I didn't have enough threads to look after already, I'd be tempted to create a "Shareholder Rights Hell" portfolio. Anyone want the job? Or, at least, has anyone noticed any patterns surrounding the above circumstances?

Cheers, Tuck
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