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Biotech / Medical : Biotech Valuation

CRSP 54.66

-1.5%

3:59 PM EST

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To: Icebrg who wrote (8398)	5/19/2003 4:52:25 AM
From: Icebrg	Read Replies (2) of 52153

DNA - Avastin [One more on Genentech - then I will be quiet]. It is interesting to note that "market participants" seem to have been as surprised as I was about the early announcement. The results were supposed to be released sometimes during the summer. And we are not so far yet - at least not here in Sweden. Last Friday the share lost 5,4 % of its value. The volume was 2,5 times the normal at 6,561,000 shares. I believe there was an option expiry last Friday, but still. It is good that sellers learn that good news may also strike at any moment. Erik

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