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Biotech / Medical : Tularik Inc. (TLRK)
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To: scaram(o)uche who wrote (237)6/19/2002 12:12:36 PM
From: Czechsinthemail  Read Replies (1) of 598
 
Interesting to see the contrast of very high volume yesterday with very light volume today. Since the stock price has remained stable, it suggests pre-arranged trades between institutions accounting for the big volume.

I suspect we may be seeing some repositioning around end of quarter window dressing with some pruning and some adding to portfolios. No doubt sector negativity in the wake of IMCL has produced a lot of selling. Now, with perceived weakness in PC-related tech stocks, there may be more money moving to biotechs as growth opportunities less closely tied to the economy.

Given the relative strength we've seen in biotechs compared with other techs over the last few days, I think there is a good chance that we may see net buying continuing through the end of the month. TLRK should benefit from the upcoming announcement of its next IND candidate -- due around mid-year.
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