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Biotech / Medical : Cardiome -- CRME
CRME 2.330-2.1%May 16 5:00 PM EST

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To: keokalani'nui who wrote (136)2/19/2007 1:41:25 PM
From: Ian@SI   of 285
 
The PR hit my inbox at 8:03AM today.

My guess is that the companies were informed by the FDA last week, possibly Friday, then went through their internal bureaucracy to coordinate a PR which got scheduled for today.

But that's just a guess.

In any case, I could scalp about C$800 on this morning's shares if I sold now -- something which I wouldn't have stood a snowball's chances in hell had the US market also been open. I suspect that we're going to see C$16 or better this week.

Volume remains meager - about 68000 shares on top of that one block that traded near 11AM.
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