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Biotech / Medical : Biotech Valuation
CRSP 56.68-2.4%Dec 12 9:30 AM EST

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To: Ian@SI who wrote (14076)11/13/2004 12:54:15 PM
From: keokalani'nui  Read Replies (2) of 52153
 
Ian,

I don't know what news feed you've been using, but for some reason News on Yahoo for Anormed comes back with an error; been true for at least a week.

In fact, it released 2Q results Wed, which can be found here.

cnw.ca

A large block traded right after quarterly financial results is probably a pre-arranged sale by a someone with inside information--a board member representing a large shareholder perhaps? That in and of itself was probably enough to take it down 5%. If there was just that one isolated large transaction, I wouldn't worry, at least about the sale itself.

Big volume selling into next week, on the other hand.....

W
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