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Biotech / Medical : Ciphergen Biosystems(CIPH):

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To: D.Lu who wrote (297)1/12/2005 6:06:18 PM
From: tuck  Read Replies (1) of 510
 
After I wrote that, Rich went and puked out a 150,000 share chunk in the high $3s.

sec.gov

Before I saw that (just pulled it up now), I bailed my Mom out in the low $4s for a small gain on that part, on intuition. Glad I did, clearly. The sale does not bode well for the next quarter, and makes Peter's call to wait a while look very smart, smarter than my call to nibble at these levels. If they do have another tough quarter, I'm waiting for form 4s indicating insider buying.

A similar sale last July seems to support this idea, given what the stock has done between then and now.

Cheers, Tuck
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