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Biotech / Medical : DPII: Discovery Partners Int'l

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To: tuck who wrote (29)10/22/2005 3:10:03 PM
From: Mike McFarland  Read Replies (2) of 111
 
I think they paid $6M for it, and there was some
boilerplate in the quarterly report about it--so
you may be right. I suppose "net assets" will move
a bit toward the cash balance as they write that off,
and maybe other stuff as well.

get over $4 -- if ever -- I'm getting out

I only need $3.05 to get even, with a mental stop
in the middle $2's (that I will of course ignore
as I turtle in and become irrational).

Basically the current shareprice here (if I do
bail) will take back what I made with my risky
Icoria trade last month. Easy come easy go.

Thanks for posting!

edit
I had thought that maybe the Biofrontera acquisition
could lead to Pfizer signing on again--new natural
product chemical libraries or whatever. It is too bad
PFE is doing so badly lately, maybe that reduces the
chance of a dpii/pfe deal.
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