Biotech Lock-Up Expiration Hell Portfolio Message Board

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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: Hoatzin who wrote (673)	4/9/2002 3:02:36 PM
From: tuck	Read Replies (1) of 1005

Pachydermal vortex in BDAL today. I suspect the shorts are covering here, as BDAL in rather vague fashion claimed continued strong growth in bookings, and visibility into the next two quarters. They did not provide numbers, as they sometimes have in the past, but I still think shorts have a tenuous position at these levels. BDAL has hit all targets, i.e. has executed, the only concern is valuation. Under $9, this is less of a concern, and the short case becomes hard to make in any way, in my opinion. Don't have much buying power, but I'm tempted to go a little longer. Cheers, Tuck

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