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Biotech / Medical : Sirna Therapeutics Inc

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To: nigel bates who wrote (539)	4/28/2003 11:20:24 AM
From: Thomas	Read Replies (1) of 562

Thanks, Nigel. Interesting trading action on this stock. Hard to believe that the market was ascribing such a large discount to the company's ability to close this financing (OK, it was a risk, but not a big one). There has been no news (other than announcing the mechanics of the financing), so I am hard pressed to understand the 50% pop from the pre-deal stock price. Am I missing something here, or is the hype on RNAi so big that it is raising all boats? Given the re-focus, it is hard to see big newsflow in the near term, so this stock seems likely to trade on hype and whims for a while. Cheers, Thomas

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