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Strategies & Market Trends : YEEHAW CANDIDATES

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To: ACAN who wrote (13973)12/22/2005 10:48:29 AM
From: Galirayo  Read Replies (1) of 23958
 
NVAX at 3.67 .. Either this is the Bottom for a Buy or it's headed lower .. This is the bottom of a intraday Bear flag. This is also close to where Stops should be ..3.62 or even a Hair lower.

I think the Reaction to this Shelf Offering is over blown.

AP
Novavax to Raise Up to $100 Million
Thursday December 22, 8:16 am ET
Novavax Files to Offer Up to $100 Million in Stock and Warrants

MALVERN, Pa. (AP) -- Drug development company Novavax Inc. said Thursday it will seek to sell up to $100 million in stock and warrants.
The company filed a universal shelf registration statement with the Securities and Exchange Commission.

"While Novavax currently has no current plans to access either the public or private equity markets, we believe it is prudent to be prepared for any future financial requirements that may be necessary as we continue to execute our business plan," Gary C. Evans, chairman, said in a statement.

Shares of the company fell 12 percent in premarket trading to $3.62.
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