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Biotech / Medical : ACADIA Pharmaceuticals Inc (ACAD)
ACAD 22.700.0%9:54 AM EST
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To: keokalani'nui who wrote (477)6/30/2008 5:57:23 PM
From: Rocky9  Read Replies (1) of 588
 
"this looks like a bargain."

And more like one every day. I have bitten once and will probably do more tomorrow. I think that we are at an enterprise value of around $50MM (assuming another cash loss of around $20MM in Q2). Seems pretty cheap - but it did in the low 4s too. The overall market is surely not helping, but there do not seem to be any buyers other than us little guys, and lots of big sellers.
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